POSSIBLE LONG-TERM BULLISH TRAD IDEA ON USDNOK
Updated
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!
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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.
.
Considering that the price has broken out if the ABC zigzag CTL, we will just have to let the market decide it's move.
.
Best of luck on the chart!
Trade closed: target reached
TP smashed the target area.
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