NOKJPY trade ideas
NOKJPY: Long term Buy Opportunity.The pair is trading on a long term 1M Channel Down (RSI = 37.681, MACD = -0.379, Highs/Lows = -0.5701) that has come close to the 11.460 1M Support where it rebounded last week. This can be an early signal for a trend reversal and buyers you have entered early can systematically aim at the gaps. First the 12.390 Lower High, which if broke should lead to the 1W Resistance (A) at 12.370 (not a coincidence that the 1W MA50 is currently there. Last gap to fill can be the 1W Resistance (B) at 13.230 where again it is not a coincidence that the 1W EMA200 is currently there. All these levels are Lower Highs on the 1M Channel Down.
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NOKJPY - KRONE / YEN - 4HR What to expect.NOK/JPY looks like it wants to reverse trend by giving us a nice 4hr range break signal. Closes above the last leg down gives me the impression it wants to move upwards soon. At this moment there are two closes above the golden line which is good, a few more would be better. But before we FOMO LONG, stop and think, "could this retest lows?". Yes. In fact that's what I expect it to do. More often than not it gives a nice test of lows before it swings up, but not ALWAYS. So don't try to immediately short this thing and profit on the retest, it doesn't always happen. I've seen tickers just blast off w/ no retest at all.
Anyways.
I'm getting long on the retest of lows with stop loss below previous lower low. Green lines above are profit targets. NOT TRADING ADVICE. TRADE SAFE.
NOK JPY SELL (NORWEGIAN KRONE - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
NOKJPY - What to expect. -NORWEGIAN KRONE - JAPANESE YEN - FOREXLooks like we got a trend reversal signal (closes above the last leg down) on the 4hr chart. One of my favorite time frames to trade. Looks like we are right in the middle of the pull back. Keep an eye on this higher low here, might be the one that takes us up. I'm personally longing this one from this range, easy stop loss near or below previous lower low as nothing is 100% in trading. NOT FINANCIAL ADVICE. TRADE SAFE.
NOKJPY Scalp SignalPattern: Rectangle on 1H.
Signal: Bullish on the Support, Bearish on the Resistance (scalping).
Target: Short TP 12.4600, Long TP 12.5800.
NOKJPY: Sell opportunity and reversal scenario.The pair is trading within a strong 1D Channel Down (RSI = 34.726, MACD = -0.120, Highs/Lows = -0.0831) for the past month. Currently the Lower High zone holds (red rectangle) and should push the price towards a new Lower Low at 12.350. If 12.630 however breaks it will give a medium term bullish reversal signal and we will target the 12.800 1D Resistance.
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NOKJPY look nice for downHello, Traders. We seen a wedge formation on the NOKJPY chart, and price is moving as expected. We are already in the trade at top, and look for a second trade after a correction for more down side.
Happy trading, guys.
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NOK JPY BUY (NORWEGIAN KRONE - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
NOK JPY SELL (NORWEGIAN KRONE - JAPANESE YEN)Hi there. Price is at the top of the pattern (b wave) for one more down move (c wave). Watch strong price action at the current price for sell.
NOKJPY: Long opportunity on repetitive patterns.NOKJPY has been on a 4H Channel Up which according to its neutral RSI = 51.365 and Highs/Lows = 0.0000 has reached its Higher Low. This is a signal to go long. This Channel Up is identical to the previous sequence that made a 13.010 High. On 1D (MACD = 0.026, Highs/Lows = 0.0133, B/BP = 0.0028) the trend remains bullish as long as the 12.600 support holds. Our TP = 13.000.
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NOKJPY: Channel Down approaching the 1W support. Cautious sell.The pair is trading within a 1D Channel Down (RSI = 44.336, MACD = -0.054, B/BP = -0.047) and it has recently priced its Lower High (Highs/Lows = 0.0000). The downside potential for a Lower Low is strong but attention is need as it may be limited by the existence of the 1W support at 12.9720. We are therefore selling for limited profit with TP = 13.1060 (previous Lower Low).
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NOKJPY Good opportunity for Long positionNOKJPY pair is now in daily- weekly strong support zone, there is a high possibility of price reversal at this area.
Target hit. Now Rising towards a Lower High/ Resistance.TP = 13.4897 hit as NOKJPY hit the former Rectangle's 13.3513 support and even broke it to test the 1W support = 13.000. A strong rebound has followed that will either peak at 13.700 (if 1W is a Channel Down, MACD = -0.114, B/BP = -0.1600) or at the 13.8900 Resistance (if 1W honors the previous Rectangle sideways, RSI = 49.542, Highs/Lows = 0). After either of those scenarios, another test of 13.3500 is expected.
NOK/JPY - Short 200 PipsAs long as the 50 EMA on the 8 hour chart continues to act as resistence, we can expect NOK/JPY to fall.
It was not able to find support on top of it and thus, it may reverse back down after these few days of consolidation.
A pending order could be placed right underneaght the lows, that is at 13.2, so that you may enter right when the break down happens.
