USDNOK trade ideas
Pending shortFIB 161.80 extension then we will short it. Until it reaches the high, we need to be patient and go for a great short.
USD/NOK to 10.0 over coming 12-18 monthsClean looking structure on USD/NOK suggests we are early stages of wave 5 higher to around 10.0 over coming 12-18 months where measured targets and big round number comes in to play. This fits with fundamental view of Oil returning to $25 over similar time frame.
After that we could have the much longer term time frame (5-10 years) of USD collapse.
Short USDNOKPrice is moving down with a potential target at 9.21483 level. If price breaks below the 9.19676 level, the next potential target would be to test the 9.17281 level.
Short Position on USDNOK according to the previous analysisFinally, price has been broken the daily structure after making a triple top as we expected according to the previous analysis. Right now price is correcting the previous bearish movement. We are waiting for breakout of the hourly corrective structure to enter the short position to the previous daily support zone as well as 1.61 of Fibo level.
Will update the idea in case of breakout.
USDNOK Bearish??USDNOK potential bearish. Price making double TOP.
Next target 1 / Target 2
#silverpips
Possible short position on USDNOKPrice has reached the weekly resistance with showing a strong divergence on weekly as well as 4 hour chart which indicates that there is a potential bearish movement on that. Besides, there is a head and shoulder pattern on the top of the structure. Right now, I am waiting for price to break the both neckline and the hourly structure and retesting of it (by correcting to the break out area) in order to confirm the downside movement.
Will update the idea if it reaches this point.
USD/NOK ShortNot a pair I trade very often but love the current set-ups on a few NOK pairs. Took this short off the bounce of the double top, could see a big downside, but as posted on the DXY will be watching how USD pairs play out so SL is now at breakeven, happy to take that rather than a loss.
If we do see a big pullback then I will simply look for a better entry.
SELL on Resistance zone on H4 timePlease support this idea with LIKE if you find it useful.
Entry Price: 9.26603
TP1: 9.15344
SL : 9.31976
Reason: It is strong Support zone and trend line.
hank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. FX:USDNOK
Usd nok inverse weekly & Copper Copper short & Crude Oil short by Usd nok Inverse weekly fractal study . error in chart : no cg1! but hg1!
USDNOK ReversalThis pair is moving in the direction where we can attempt to capture a Short Trade off of, using a tight stop loss using our historical price range. Some can wait for Candlestick readings but the previous wick in this area of local resistance tells us that there is a possibility that price can reject this zone, if not then no harm done with proper risk management.
USD NOK might continue higher to test channel top..Price has continued moving higher since test of bottom of channel , we might see move higher towards test of channel top line, as price is making new highs in 4hr chart we will remain long till reversal pattern is not formed ....
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