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USDNOK trade the breakout on strong triangle
U.S. DOLLAR / NORWEGIAN KRONE
USDNOK trade the breakout on strong triangle
By olly_price
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Updated
Mar 3, 2016
3
Cheer
Cheer
Mar 3, 2016
Very strong symmetrical triangle formation.
6 hit points getting closer and closer as the market approaches the apex - good sign for a strong breakout.
By the upside, sell the downside.
Profit targets indicated by the horizontal green lines.
Mar 3, 2016
Trade active
Mar 3, 2016
Trade closed: target reached
Mar 3, 2016
Comment
First target reached, hoping for the second target now
Mar 4, 2016
Trade closed: target reached
Target 2 met.
Mar 4, 2016
Comment
SL set to target 1, now hoping on target 3.
Mar 5, 2016
Trade closed: target reached
Target 3 met, trade closed. Good trade.
breakout
buy
Forex
forextrading
norway
SELL
setup
structure
support
Support and Resistance
Symmetrical Triangle
tradesetup
Triangle
USD
USDNOK
olly_price
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