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Usdnokshort

USDNOK ShortBearish Probabilities for USD/NOK: 88.89% 📉 Bearish arguments: - Monthly PCH respected. - Weekly FVG respected. - Weekly swing high swept. - Daily PCL disrespected. - Daily swing low disrespected. - Daily bullish FVG disrespected. - 4H FVG respected. - 4H swing low disrespected. - 4H swing high respected. 📈 Only one bullish argument: - Monthly PCL respected which is our PD Array. Trade Management: SL is positioned at the start of the Daily FVG, as a break there would signal a clear reversal or consolidation. TP is placed at the SELL STOP level, although if reached, the price may quickly target the DOL point. I will lock in profits at the first target and look for another entry afterward. Risk: 2% R/R: 2.06
Short
by Jaytradermb
EUR/USD short-term reboundIn the context of a higher interest rate environment, the EUR/USD is trending towards recent highs. However, the USD was boosted by the Fed's speech yesterday, resulting in a sharp pullback in the EUR/USD. Currently, there is support at the previous retracement level, which is indicated by the black line in the chart. This support level is relatively strong and can be seen as a critical level. If this level holds, considering that the USD's upward momentum has been somewhat exhausted and in conjunction with the chart pattern, there may be a short-term rebound. However, traders must be cautious of their positions as there will be a significant impact on the USD from the upcoming non-farm payroll data on Friday. If the support level is breached, appropriate strategies will be provided accordingly. Therefore, it is advisable to click the "rocket" button to stay updated and avoid getting lost.
Long
by Navigation-h
4
Where is the profit potential for GBP/USD? GBP/USD: The daily chart is sideways with a weak bullish bias, but the 4-hour chart is suppressed at the upper boundary, so the cycles are not resonating and the amplitude cannot emerge. Therefore, this low-frequency market appears. Regardless of how it operates, traders should take advantage of the fact that the daily chart temporarily does not support a sharp decline and the 4-hour chart does not support a non-major rise, so range trading should be adopted. The lower limit is locked at 1.1965-40, and the upper limit is locked at 1.2110 resistance. Traders can repeatedly trade within this range. Trading is for profitable purposes, not for venting frustration or simply for the sake of trading. Therefore, traders must understand what stage the price is in and take corresponding actions. Traders are not always bullish or always bearish, but they always adapt to changes in the market. Traders must have their own defense systems to control risk. Risk control and fund management must be present in your trading.
Long
by Ice_and_Fire1
USDNOK – bearish continuation …31 May, 2021There is a history of ranging before breaking down in this pair. See how it was ranging between 8.6450 and 8.3800 for several weeks before it broke below. Now we have something similar and despite multiple attempts during the past 6 weeks, this pair has been unable to close above 8.3800. This pair has clearly been on a strong bearish trend since Nov. and I don’t have any reason to think that this will change any time soon. I am looking to find an entry at/close to 8.3800 with my stop above the recent high. My target will be above the next s/r level located at 8.1800. If this plays out the way I am anticipating, this could be a nice +2.50R opportunity. As always, watching the price action on a lower time frame before committing to a trade is advisable. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.
Short
by Trading_Vista
USDNOK still struggling with bearishThe recent rebound on strong support was promising for a reversal trend, but it is very tough. I still see a stronger Short position in a few days ahead. OANDA:USDNOK If you want my view about other currencies/stocks/ commodities, I will love to share my opinion with you. Just simply comment below. I always open to discussion. Disclaimer: This information is for educational purposes and is not an investment recommendation nor to be representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
Short
by bakkarianz
USDNOK potential reversal! USDNOK expected to rise up to 1st resistance at 9.03979 where it could potentially react off and drop down to 1st support at 8.93861. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone