EURNOK about to complete Motive Wave Looks like the EW motive wave will soon create a triple top, which will give as a nice opportunity to short this pair. So far it has been trading perfectly withing the trend channel.
The Blue box is the final target to the upside, before it begins it's way down into the red box.
NOKEUR trade ideas
EURNOK hitting resistance.EURNOK looks like it has a good setup for a short after a bearish engulfing candle has shown up on the weekly chart. It could be a very good Swing/Position trade. Be careful of swaps and spread on this exotic pair. Better enter the trade during the EU session.
Fundamentals are neutral. Euro currently a bit up from ECB turning hawkish but NOK is supported by high oil prices.
EURO Strength on ECB Rate Hike Bets The EURO is set to potentially strengthen as investors start pricing in four interest rate hikes by the European Central Bank over the next 9 months.
Friday's Inflation data will be closely watched by the markets, as any beat above forecasts will put pressure on the European central bank to react.
If ECB policy makers start coming out and hinting Rate Hikes are coming, expect the EURO to strengthen.
EUR/JPY would be the most optimal trade on the divergence of monetary policy.
Short Vision on EUR NOK for 22/02/2022Hello Dear Traders,
You find below my analysis for EUR/NOK, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame EUR/NOK will fall to 10.11 as I am showing in my chart. Our Daily Goal is 10.09.
Currently, EUR/NOK is moving towards the resistance level 10.195,where there is some liquidity from this value we are looking for short-term selling opportunities of EUR/NOK.
Good Luck and enjoy your Bearish Market for today.
Entry:@10.195
TP1: @10.15
TP2: @10.13
TP3: @10.11
SL: @10.22
As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment.
Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
Short Vision on EUR NOK for 18/02/2022Hello Dear Traders,
You find below my analysis for EUR/NOK, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame EUR/NOK will fall to 10.09 as I am showing in my chart. Our Daily Goal is 10.07.
Currently, EUR/NOK is moving towards the resistance level 10.165,where there is some liquidity from this value we are looking for short-term selling opportunities of EUR/NOK.
Good Luck and enjoy your Bearish Market for today.
Entry:@10.165
TP1: @10.13
TP2: @10.11
TP3: @10.09
SL: @10.21
As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment.
Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends