olly_price

USDNOK symmetric triangle: trade a break

FX_IDC:USDNOK   US DOLLAR / NORWEGIAN KRONE
5 months ago
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.
5 months ago
Trade active: Short
5 months ago
Trade closed: target reached
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out