Trade Setup: USD/NOK – 6 Oct 2016

Trade Setup: USD/NOK – 6 Oct 2016

Candle Stick Pattern: Variation of Morning Star at (1).
Confirmation:

Touched outer band of Bollinger Band at (1).
Stochastic oversold range at (3).
High volume at last 2 bar at (4) also confirming the direction.

Signal: BUY
Entry Point: 8.0223
SL: 7.9621 (Lowest low of morning star bars)
TP:…
#BollingerBand, #CandleStickPattern, #MorningStar, #Stochastic, #SupportResistance, #USDNOK, #Volume
#ForexAdvices, #ForexTradeSetups

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