naynay97
Long

Possible Elliot Triple Combo formation occurance on USD/DKK

OANDA:USDDKK   U.S. Dollar / Danish Krone
As you can see in the 1 hr timeframe, you'll see a downward trend emerging in a WXYXZ pattern with the Z hopefully play part in the formation.

Also drawn on the chart was a green support zone which indicates the market moving to the uptrend as the previous candles are touching this support line approximately 4-5 times.

This gives me enough indication that the market will hit to the upward and rally on until it hits the Z formation of the pattern and begins to downtrend to continue on the pattern merged previously.

SL and Take Profits are all listed.


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