olly_price

USDNOK symmetric triangle: trade a break

FX_IDC:USDNOK   US DOLLAR / NORWEGIAN KRONE
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 active: Short
Trade closed: target reached
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