EUR/NOK short/sell idea. almost 2150 pips move...in the name of ALLAH who is most merciful and the master...
EURNOK trade ideas
EURNOK BULLISH TREND-HIGH PROBABIITY TO MAKE MONEYReversal pattern for EURNOK completed and ready to go.
EURNOK analyze built reversal pattern what is a reversal pattern, Trend reversal patterns are essential indicators of the trend end and the start of a new movement. They are formed after the price level has reached its maximum value in the current trend. The main feature of trend reversal patterns is that they provide information both on the possible change in the trend and the probable value of price movement.
What pattern do we have?
A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
source: Head And Shoulders Pattern Definition - Investopedia
What is the target?
The target will be probably around 10.60.
Thank you to read and good luck .
EURNOK has bearish Wolfe Wave patternIf price breakouts the wolfe wave line, short movements are possible.
EURNOKHey, here my analysis to EURNOK. XABCD Pattern? (all information in the Chart)
This is only my opinion and no financial advice!
New York Watchlist: EURNOK Sell EURNOK SELL
ENTRY 10.1580 /// MODERATE 10%
SL 10.17915 ( pips 221 )
TP 10.08605 ( pips 709 / RR 3.2 )
On 4H we have a solid contraction and we are pretty much at the top of it. RSI is at its highs too.
On 1H we have a minor contraction supportin the sell idea with a decent rejection level.
On the minute charts I see a reversal coming within this hour (in the next 50mins)
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
Long EURNOKPrice is near demand zone around 10.03324-10.07569. If price shows enough bullish evidence to the upside, we go long with potential target at 10.23380. If price tests and breaks below 10.03324, we wait until price tests the 9.96883 level before going long.
EUR/NOK changes trendNorwegian Krone became quite overpriced and we see the change in trends for the short and midterm.
Entry: 9.86
Stop-Loss: 9.77
Target: 10.10
Have a nice week! Follow for more.
EURNOK-Head & Shoulders In The worksThis pair has just come off a multi-year high. Does it really make any sense since Norway is pretty solid on cash and Europe is a mess? With oil at support, I am going to short this right shoulder.
short EURNOKpotential H&S , resistance by the trendline, right head by 61,8 fib, MACD hidden divergence
2H long trade analysisIf price hits SL, it massive potential for a downtrend continuation is formed... we don't lose either way.
EURNOK: Buy opportunity on 1D MACD.The pair is trading within a long term 1M Channel Up (RSI = 53.878, MACD = 0.135, ADX = 43.274, Highs/Lows = 0.0000) since Q4 of 2017. At the moment the price seems to have found Support around the 1D MA200 (orange line) and withi the 1D MACD making a bullish cross over, is expected to rise.
According to a similar fractal in January 2018, the High of that spike could be around the 0.618 Fibonacci retracement level. We place our Target at 10.0700.
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"EURNOK: Top and Bottom Analysis" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Ascending Wedge.
- Price is on a correction.
- Price is against the Weekly Ascending Trendline.
- If price breaks it, it has potential to move down towards the Support Zone.
Weekly Vision:
Daily Vision:
EURNOK Buy Long To Weekly TargetLooking at the weekly time fram you see an M Formation.
I expect EURNOK to test the neck line again before going to the down side.
EURNOK and USDNOK SetupsEURNOK and USDNOK both been in a prolonged downtrend with multiple swings and we have reached an important support/flip zone on the daily chart.
Looking to see a reversal here and we already getting signs of trend exhaustion with a potential double bottom pattern and we could also create our first higher low swing here with a break above the highlighted zone.
A simple trade idea with good confluences. Await for the break and close to enter.
