GBPNOK - Bearish Harmonic Reversal PatternBearish Harmonic Rerversal Pattern on GBPNOK 1 hour time chart showing and good opportunity to enter a sell entry as per described trade plan.
GBPNOK trade ideas
GBPNOK - BearishBearish Flag Continuation Pattern indicating GBPNOK down trend on 1 hour time chart and can be a good long entry as per my suggested trade plan
GBPNOK - Rising Wedge Reversal PatternRising wedge reversal pattern is observed at GBPNOK 1 hour time chart and providing a short entry as per define trade plan.
GBPNOK 1H - Bull TrendAnalysis:
GBPNOK is currently in a bullish trend. If the price touches Fib level 0.38, then we can enter in a long trade. For this trade the stop loss will be at 12.55741 which is the previous higher low level.
------ Trade ------
Chart: GBPNOK
Type: Long
Entry: 12.72248
Stop Loss: 12.55741
TP1: 12.88755
TP2: 13.05262
GBPNOK - BULLISH TRENDGBPNOK Pair is bullish. probability of 02 scenario's one with strong up move if retraced to 0.382 level
GBPNOK SELLWith UK in recession and the raising OIL prices (NOK correlation) we get a great trade here.
Risk/Reward = 6
GBPNOK Bull Market (September 14th 2022) Wait for a close above 11.6900 in considering a long position. Candlestick must close above 11.6900 in order to consider a long position.
Market conditions currently look good for a potential move upwards. Higher low formed at time mark 19:00 on 1H Time Frame.
Goal: 960 Units (GBPNOK)First Target is 11.69 (R2).
11.59400 = R1
Trend Line Coordinate is (22-September-14 00.00, 11.60100)
GBPNOK LONG SETUPGBPNOK LONG SETUP
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- Oil drop due to slow down/recession in China
- Better than expected U.K earning
- Above TC red line and VWAP
- About to break the diagonal Resistance
- Cup & Handle formation
GBPNOK $GBPNOK Initial ShortGBPNOK $GBPNOK Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
GBPNOK 12/06/2022Weekly:
* Inv H&S pattern
* IC
* Previous candle its alining
Daily:
* BM pattern
* IC
4H:
* BM pattern
* Inv H&S pattern
* IC
GBPNOK 12/06/2022Monthly:
-Price is in a monthly range.
-Expecting another touch of the top of the range.
Weekly:
-Bullish M pattern.
-IC.
Daily:
-Bullish M pattern.
-IC.
4H:
-Bullish M pattern.
-Inverse H&S pattern.
GBPNOK!This is amazing how price could range from 2020 todate.
Its a sign of massive down pour to come within a short timeframe of weeks or months.
Trade with care use a stop loss.
GBPNOKGBPNOK is ready to push up one more time
The buying pressure was so strong that GBPNOK could not reach the weekly demand imbalance as we would have wanted and expected. Trading is a waiting game and many times price will not retrace to the price levels you are looking to trade, that?s trading, we just can?t move the markets with the power of our minds!
GBPNOK 24/02/2022Monthly:
-Price is moving in between two monthly levels.
Weekly:
-Bullish M pattern.
Daily:
-Bullish M pattern.
-IC.
4H:
-Inverse H&S pattern.
GBPNOK Target Price 12.41918GBPNOK price closed above 12.14499. Price retested 12.14499 level. Take Profit at 12.41918.
GBPNOK!For us, that looks like a buy setup, We will wait upon, buy confirmation entries before getting in.
The flat corrective pattern could usher in more buying to come.
Trade with care use a stop loss.
