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GBPNOK

GBPNOK at Key Resistance – Potential Drop to 14.0670FOREXCOM:GBPNOK has reached a significant resistance zone, highlighted by previous price reactions and strong selling interest. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers step in. The current market structure suggests that if the price confirms resistance within this zone, we could see a bearish move. A successful rejection could push the pair toward the 14.06700 level, a logical target based on previous price behavior and current market structure. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Short
by TrendDiva
1
GBPNOK - Watching Key Support for a Potential Bullish ReversalFOREXCOM:GBPNOK is approaching a key support zone that has previously acted as a strong support for bullish reversals. With the current bearish momentum bringing price into this zone again, it presents a potential buying opportunity if buyers step in. Signs of bullish strength, including rejection wicks, bullish engulfing patterns, or increased buying pressure, could indicate that buyers are gaining control and a reversal is incoming. I anticipate a move toward at least 14.040 if this momentum sustains. However, if the price breaks below this level, the bullish bias would be invalidated, potentially leading to further downside. Patience is key—waiting for confirmation of buyer strength can help refine entries.
Long
by TrendDiva
1
GBP/NOK LONG: My Technical AnalysisDear Readers, Today I want to show you my long investment on GBP/NOK. As a passionate analyst of the Forex market, today I want to share with you a strategy that I am following on the British Pound/Norwegian Krone (GBP/NOK). The current setup is particularly interesting, as it presents consistent bullish signals on multiple timeframes, supported by technical indicators that I have developed and customized for in-depth analysis. My Technical Analysis To build this long strategy, I used the custom Wave Trend (developed by me) and the Alligator indicator. Both tools gave me clear signals of a bullish reversal. Here is a summary of the signals identified: 1-Hour Chart (1H): On the hourly timeframe, we have just seen a break of the previous resistance, a strong signal that indicates a possible continuation to the upside. 4-Hour Chart (4H): On the 4-hour timeframe, the price is in an oversold condition and is bouncing off the long-term average of the Alligator. This suggests a recovery from a phase of excessive market weakness. Daily Chart (1D): The long-term context remains bullish. This prolonged phase of positive trend offers additional safety for a long position. Key Levels of the Strategy To make this trade safe and effective, I have set key stop loss and take profit values, as shown in the chart. Stop Loss: Placed at 13.85689, below the recent lows. This level provides protection in the event of a sharp reversal. Take Profit: Set at 14.47413, an ambitious but realistic target, which aims to capitalize on the bullish trend. Indicators Confirmation The Wave Trend, positioned at the bottom of the chart, has signaled a bullish divergence and the passage from the oversold zone. The Alligator, on the other hand, shows a possible opening of the moving averages (indicative of a nascent trend), with the price that has detached from the long-term average, suggesting a potential bounce upwards. Conclusions This setup is a great example of how to combine technical signals and market context to build a winning trading strategy. The consistency between the signals on the 1H, 4H and 1D timeframes gives me further confidence in my long investment on GBP/NOK. I will keep you updated on the progress of this operation and on the next trading opportunities. As always, remember that good risk management is essential to achieve success in the financial markets. See you soon, Andrea Russo.
Long
by Andrea_Russo_SwipeUP
GBPJPY THROUGH THE ROOF !!GBP/JPY presents a compelling buy, driven by contrasting central bank policies. The Bank of England’s higher rates lend strength to the pound, while the Bank of Japan’s commitment to low rates continues to weaken the yen. This divergence creates a favorable buying environment, especially as Japan shows no signs of tightening its monetary stance. With additional support from strong technical levels and the UK’s resilient economic indicators, GBP/JPY is well-positioned for potential gains, making now a strategic moment for buyers to capitalize on this opportunity.
Long
by edl75
GBPNOK LONG - Buy Entry - D1 ChartGBPNOK LONG - Buy Entry - D1 Chart Buy @ Market Symbol: GBPNOK Timeframe: D1 Type: BUY Entry Price: Buy @ Market Resistance @ 12.41680 Resistance @ 11.97872 Pivot Point Yearly @ 11.89933 Resistance @ 11.83269 Resistance @ 11.66966 Support @ 11.30668 Support @ 11.21511 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you have any feedback or questions, please leave a comment below as I answer each comment 💬 ✅ Wishing you enjoyable successful trading 🙏
GLong
by UnknownUnicorn35780991
GBPNOK MULIT-TIMEFRAME ANALYSIS & TRADE - DAILY W & WEEKLY ICIHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/ Looking at Monthly we're about to have a cut for short on the EMAs, though we still have a bullish due to MACD above 0. Also looking at Weekly we have an ICI, we already have the impulse and the retracement up to the 0.50 of the fibonacci retracement. Dropping down to the Daily we have a W pattern forming where we can see a retracement to the neckline or wick of the daily candle and a retest of the structure of previous resistance turns support. Now on the 4H where we take our entry for the Buy on the neckline or wick of the W formation, though we still have a bullish momentum on this we will wait for the retracement before continuing its uptrend, stop loss is below the low and the take profit is at the fibonacci of the impulse of the W formation. Our entry for the Weekly ICI is on the 0.50 retracement where its also aligned with structure. Trade Signals BUY Entry: 11.5815 Take Profit: 11.7230 Stop Loss: 11.5347 =================== SELL Entry: 11.7225 Take Profit: 11.2265 Stop Loss: 11.8204 Good luck! Trade wisely, please do proper money management. ~FX_SHIFTER
by fx_shifter