GBPNOK trade ideas
GBPNOK SHORTHi I just entered this short trade on GBPNOK. My reasoning was this double top formation, with an engulfing candle printing at resistance showing bearish price action. My profit target is the next support level at around 10.6300. Thanks for reading.
There will be a reversal soon, you can consider long-term investThere will be a reversal soon, you can consider long-term investment
NEUTRAL POSITION ,BECAUSE WE CAN ENTER A LONG AND SHORT POSITIONRED DRAWING = POSSIBLE REVERSAL FOR A SELL AFTER TOUCHONG THE TREDNLINE OR A CONTINOUS BUY AFTER BREAKING IT
NEUTRAL POSITION , BECAUSE WE CAN ENTER A LONG AND SHORT POSITION AT THE TRENDLINES
GBP/NOKThis is not a trade idea for everyone we hold trades for a very long time as a portfolio hedge position (As no one position can break or make us) we are aiming British pound to rise until summer at least at the time new British PM take position in the UK.
GBPNOK 1:4 Risk Reward LONGFundamentals suggesting potential reversal for GBP.
Technical daily morning star, common reversal price action.
Followed by a weekly distribution zone over long term could see smart money buyers.
GBPNOK Sell SignalPattern: Rectangle on 1D.
Signal: Bearish after the price was rejected near the 1D Resistance.
Target: 11.0575 (top of the 1D Support Zone).
GBPNOK look for short term upHello, traders. In this chart GbpNok we are focusing on impulse to the upside, as we sen the price is moving down not impulsive. Look for a strong breakout to the upside, and get in after a correction on smaller time frame.
Happy trading, guys.
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I think I’ll trade this Wolve MMHVW - see chart - I’m placing a short order. And look for a bull shark at the end
