Get started

NOK

NOKDKK - Norwegian / Danish Krone - FOREX - 4hr expectationsSee my previous chart on NOKDKK where we predicted its swing up. Now NOK/DKK appears to be failing trend on 4hr, giving us definitive closes (circled area) below our last leg up (green line). Marked with texts were the levels to hold and seeing as the bottom looks to have failed, it has a better chance of going down. We are currently trading @ .77593 after a retest of highs/ "pullback", which is where I like to take the position. Probably going to get short on this, we will see how the open goes today. Targets are the lines below current price, stop loss around .777 depending on open today. NOT TRADING ADVICE. TRADE SAFE.
Short
by SatoriTrades
1
SHORT VISION ON EUR/NOK FULLY EXPLAINED4H CHART EXPLANATION: In the short term, we observe a Descending Wedge Pattern being formed by the last downtrend. Now we are waiting for a pullback towards the Confluence Zone between the Top of the Wedge Pattern and the Broken Ascending Trendline, and after that a bounce to continue the downside move. This is the short term vision, the mid and long term are explained below on the Daily and Weekly Timeframes. MULTI TIMEFRAME VISION: -Daily: -Weekly:
Short
by ThinkingAntsOk
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.
Long
by SatoriTrades
NOKDKK - What to expect on 4hr - NORWEGIAN DANISH KRONE - FOREXWe can see that its clearly in a decisions making zone. Will it go up or will it go down? This is a NO TRADE ZONE FOR ME. I wait for it to signal by closing on one side of these lines to signal continuation or reversal BUT WE DONT BUY OR SELL THAT BREAK OUT. We wait for the pullback and get in or ladder in there. This makes your stop loss a no brainer and you didn't have to try and catch the knife. Instead you let if fall and you picked it up off the damn floor. NOT FINANCIAL ADVICE. TRADE SAFE.
by SatoriTrades
2
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. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
CHFNOK: Buy on every dip for the next year.CHFNOK is trading on a 3 year long 1M Cup formation (RSI = 52.266, ADX = 24.446, Highs/Lows = 0.0000) with a clear Resistance Zone (8.7770 - 8.9615). Having entered the second half of the pattern, every pull back on 1W can be bought, targeting the Resistance Zone. If the formation turns out to be fairly symmetrical expect a final test of 8.1351 and Higher Lows after towards the completion of the pattern near the Resistance Zone in about 1 year. We are buying the dip. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
forexTrdr EURNOK- NOK THAT PAIR BACK DOWN FROM EXTREME LEVELSMorning traders, This morning we have had the Swedish central bank come out and delay interest rate rises with market now pricing no rise until early 2020 (from mid 2019). This has had a secondary effect on the Norwegian Krona leading to a 700 pips drop versus the Euro. We are looking to capitalise on this move into extreme overbought territory and looking for a pull back into the previous trading range of 9.55 to 9.60. The spike bounced off of resistance levels dating back to early 2019 and forming a descending trendline from previous high levels in April and early February as shown in our Trading View charts. Simple clean trade on event driven news. As always this is not a trade recommendation and simply technical observation. Good luck trading from the Team at forexTrdr find us on instagram, twitter and Alexa flash briefings
Short
by forexTrdr