USD/NOK daily perspective after a huge impulse the price has corrected to 0.5 Fibo and showing good respect to this level, and for now it seems pretty logical and obvious, that the price has to close the shadow and test the neckline. long.
USDNOK trade ideas
Update on USDNOKPossible long trade opportunity on this pair.
Wait for a higher high, aswell as for the resistance at 10.692 getting broken.
If a uptrend is confirmed in your trading system, the first price target should be 10.911, the second 11.224.
Stop Loss is at 10.385.
Thanks for Reading :)
USDNOK Testing Support. Long TradeI have placed a buy stop order on USDNOK after seeing a bullish pin bar formed on support on the 8 hour chart. I also saw an inverted hammer candle form on the Daily chart on Friday and although my entry is later than what I wanted I am still bullish on this pair. Today ended bullish as well giving more confluence to my bullish bias.
Sell USDNOKJudging from the daily trends, USDNOK tends to get weak on the 5m time frame at this time 7:00pm on the +1:00 gmt and rise up at 10am as follows
USDNOKPossible Breakout Trade.
Wait for Confirmation, maybe consolidating a bit more.
Kumo Cloud acts as major resistance here.
Don't trade inside the Kumo Cloud.
MACD and Candle Stick Signal!Please FOLLOW me and support this idea with LIKE if you find it useful.
Technical Reason: MACD and Candle Stick signal.
In Daile time frame we see a good buy signal, but wait for second candle stick will close for strong signal and you can take 400 Pips.
Comment me your idea.
Usd/Nok Long up the resistanceUsd/Nok can grow if breaks the actual resistance.
Buy limits are displayed on the chart.
U.S. DOLLAR / NORWEGIAN KRONE (USDNOK) DailyDates in the future with the greatest probability for a price high or price low
U.S. DOLLAR / NORWEGIAN KRONE (USDNOK) WeeklyDates in the future with the greatest probability for a price high or price low
U.S. DOLLAR / NORWEGIAN KRONE (USDNOK) MonthlyDates in the future with the greatest probability for a price high or price low
Breaking downYou could argue a triangle here. Looks like it's slowing momentum, and loosing smaller tf support.
Be carefull tho. No significant tf support beeing tested yet.
USDNOK | What next? USDNOK are in wave 4 - the most complex and uncertain. Can just buy from support levels
USDNOK!trully Elliot saw magnificent waves
the two important things from his theory, should be where the wave start from and where it ended at before its correction abc started.
USDNOK sell at least till retracementBoth times retraced to fib 0.618 which means even if wants to complete daily elliot, it should first normalized to fib 0.618 as a rule of tomb. I want call this strong sell!
