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Veejahbee

POSSIBLE LONG-TERM BULLISH TRAD IDEA ON USDNOK

Long
U.S. Dollar/Norwegian Krone (FX:USDNOK)  
Veejahbee Updated   
FX:USDNOK   U.S. Dollar/Norwegian Krone
Trend Analysis Chart Patterns Wave Analysis USD dollar USDNOK usdnokbuy trade forextrader daytrader swingtrader pips
4
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trendanalysis chartpattern waveanalysis usd dollar usdnok usdnokbuy trade forextrader daytrader swingtrader pips
Price broke out of the ABC correction counter trend line which is also the neckline of a double bottom pattern.
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Price has the potential to move towards the resistance level after it broken out of the correction with an impulsive wave 1-5 and retested the broken structure with an ABC zigzag pattern.
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Considering that the price has broken out if the ABC zigzag CTL, we will just have to let the market decide it's move.
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Best of luck on the chart!
Trade closed: target reached:
TP smashed the target area.
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