Norsefx

Norsefx Updated 

This is an update to my previous post about Doge. Last analysis was a bullish triangle play, the analysis has now been changed alongside my view on this coin. Price have printed a turtle soup at the recent high after a good run to the upside. Price have broken out of the pattern and now retested. I am now short based on the retest with a SL of 0.4360 I am now...

Norsefx

Dogecoin is now consolidating after breaking out of a channel in early november. Alert is set for the upper trendline on Doge and i am planning to trade a retest of the pattern is that occurs. Price is now over the halfway mark of this pattern, and these patterns tend to break out around 70% completion. I like the idea of a "christmas rally" in this coin before christmas.

Norsefx Updated 

Price have broken out and printed a new 16 year high before falling back down and printing a lower low on the 1H timeframe. I am watching to see if price respects the lower trendline for a potential reversal trade targeting June lows. JPY got a rate decision during the Asian session so that could be the catalyst for a move lower if that is where the market is...

Norsefx Updated 

Price have taken out key SR and reacted from it. 4H Chart printed a hammer candle, minor market structure shift on the lower timeframe. Entry will be at the 1H OB / 61.8% retracement. TS printed on tuesday and could potentially be a low of week print.

Norsefx

Price have taken out the 165$ support from october 2023. Price is reacting bullish so far with a lower timeframe breakout from a sideways channel. Risk is 0.25% since i cant risk beeing involved in a oversized gap down due to FTMO daily drawdown rule. Tradeplan: If price starts a new uptrend. I will use ongoing technical analysis to buy more IF i am correct...

Norsefx Updated 

This is a continuation of my last trade on Aud/Jpy. Price have broken out of the trendline and is now closing in on it for a potential retest. Price also has the Ema 50 4H helping with confluence along with the overall high timeframe trend. I am waiting for a touch and confirmation on my idea. Tradeplan: Wait for touch. Wait for lower timeframe confluence. SL:...

Norsefx

BOJ Raised rates first time in 17 years today. I expect that the JPY will set a new long term trend based on this. And i will do what i can to take advantage of such a oppurtunity. Right now price is at a higher timeframe trendline and i am now short based on that alone. If price breaks to the upside from this level i will use the same trendline or Ema 50 1H to...

Norsefx Updated 

Price kissed Ema 50 during the london session and printed a turtle soup pattern when it took out previous week low in the same move. Tradeplan: Buy when price touches Ema 50. SL: 20 pips TP: 40pip - Todays high

Norsefx Updated 

Thesis: Price is coming from a daily liquidity grab or HTF turtle soup pattern. Price is now hitting Ema 50 on the daily TF. Confluence: HTF Trend Ema 50 Daily Fib zone Playing this setup with a tight SL since HTF hits can offer a favorable precision when this strategy gets deployed.

Norsefx Updated 

NFP strategy. 61.8% of NFP leg. Risk: 2% - if it fails then my clipsize is empty.

Norsefx Updated 

Orderblock / Ict style trade. Notes on chart. 2% Risk

Norsefx Updated 

61.8% Old SR 4H EMA 3 Confluences points. Order in at 61.8% ( not filled ) SL above 10.60 Target: Lower parallel channel projection.

Norsefx Updated 

Price have seen signs of reversing on the higher timeframes. New 1h high and planning for a long off the 61.8% (will move orders if new range formes ) SL below low. Target 1.27 ext

Norsefx Updated 

USD/NOK Price have traded outside of the current channel and fell back inside printing a potential blow off top. Have re-entered 1/3 size on this setup too. I dont like opening a fresh trade friday afternoon and holding over the weekend.

Norsefx Updated 

Price have penetrated the previous high and closed below on the daily timeframe. Entered@1.3806 SL:1.3863 ( above previous highs ) Target: 1.3504 ( previous lows ) Risk 1% RvR: just above 4:1

Norsefx Updated 

Idea based on previous thesis. Entered 1/3rd of my position. Will enter the remaining 2/3rds of the position IF i am right about the trade. Hiding my SL above 11.04

Norsefx Updated 

USDNOK: Price has been in a uptrend, i am going for a double top/SR play on this one. 1H Closed below SR so 1/3rd of the position is now short. IF price breaks down from this area i will use fibs from recent high to the new lows and go for a fill at 61.8% fib to add the other part of the position.

Norsefx Updated 

Turtle soup pattern. Just stopped out of first attempt. Ready for another SL on this attempt. Will fire again, with failure on upper trendline. Any break above upper trendline. should be a parabolic trust up, so plan is to go long if that scenario occurs. Risk: 1% SL above daily candle with some wiggle room. TP target: 8.6