FURTHER BREAKOUT2 SCENARIOS 1/ BREAKOUT DOWNTREND FOR NEW HIGHER 2/ CONSOLIDATION DEVELOP BEARISH FLAG PATTERN AND TEST SUPPORT AND BOUNCE UP BREAKOUT DOWNTREND
* MACD + STOCH = DIVERGENCE
USDNOK trade ideas
USDNOK Sell and Buy entriesPattern: 1W Rectangle.
Signal: Scalping. Sell within the 1W Resistance Zone (8.7600 - 8.8200), Buy within the 1W Support Zone (8.4000 - 8.4700).
Target: Near the Support Zone for shorts, Near the Resistance Zone.
USDNOK bounced from support, potential for a further rise!
USDNOK bounced off its support at 8.67095 where it could potentially rise further to 8.72425.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Guess what's next?Similar pattern
I assume if it breaks down, we will enjoy a nice impulsive move similar to the prior structure
USDNOK SELL Hey Fam
we are in a correction and its about to end, i favor continuation to the down side after the bullish impulse that we had. I am already in a sell but i will be adding more positions here. We can get on last move up before the continution to the downside
Trade carefully
#MAD #MakeADifference
USDNOK UptrendThis pair is on an overall uptrend. It did break out of the main channel and appears to be forming a lower new uptrend channel. This smaller channel might join up with the original channel again.
Make your own decisions. I am just sharing ideas.
HS PATTERN DEVELOPMACD + STOCH = BEARISH DIVERGENCE
BREAKOUT LOWER LOOK SHORT OR ELSE BOUNCE UP TEST MAJOR DOWNTREND
USDNOK - 120MIN / 2HR - LONG PROJECTION :
Price to push down and retest 8.52012
PROJECTED TARGET : 8.76000
Buy NokNorway is completely disconnected from the current weak economic cycle. Let's assume an increase in interest rates at the next meeting in September.
Our intention is to buy Norwegian krona against US dollar, the two economies are living different monetary policy moments. The Fed will cut rates during the July meeting, while the Norwegian central bank will raise interest rates after the summer to cope with rising inflation.
Entry: area 8.50-8.55
Stop: area 9.75
Target: area 8.00
Swap: Negative
USDNOK - 240 - Could drift a bit lowerTrade idea
USDNOK broke below its short-term tentative upside support line. If it continues trading below that line, we may see the rate drifting further south.
Please see the chart for details.
Don't forget your stop-loss.
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