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olly_price

USDNOK symmetric triangle: trade a break

U.S. DOLLAR / NORWEGIAN KRONE (FX_IDC:USDNOK)  
olly_price Atualizado   
FX_IDC:USDNOK   U.S. DOLLAR / NORWEGIAN KRONE
USDNOK norway Triangle Symmetrical Triangle breakouttrading breakout support Support and Resistance Fibonacci
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usdnok norway triangle symmetricaltriangle breakouttrading breakout support supportandresistance fibonacci
Trading opportunities from a symmetric triangle, providing us with the opportunity to trade a break below or above the resistance/support.

My opinion: Further downward pressure on oil will cause the USD to strengthen against NOK (Norwegian Krone) due to Norway's economic dependancy on oil prices. This will cause a break above the triangle and hopefully a profit target to be reached.

Profit targets are green lines.
Trade ativo:
Short
Trade fechado: objetivo atingido
Aviso legal

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