The US Dollar has been trading in a long-term descending channel against the Danish Krone in force since late 2016. The pair’s neat movement in this channel was disrupted in January when a reversal to the upside occurred without the pair reaching its bottom boundary. The Greenback has since been moving in a slight up-trend, but it has nevertheless failed to...
Keep selling until the we reach the bottom of the pattern.
The US Dollar has been stranded in a channel up against the Danish Krone for the last three months. If looking at the pair’s movement this month, two additional channels can be distinguished. The senior one has guided the pair towards the bottom boundary of the aforementioned dominant pattern circa 6.28. From that point forward, a junior ascending channel was...
USDDKK broke the moving average, suggesting a potential trend change. This in tandem with October's monthly bull candle gives me enough reason to believe an up trend is about to begin. My orders are placed at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6. and 0.0. Each order contains a 30 pip stop loss and no take profit target. These trades...
Since last month's candle was a bull candle, I am looking for bull moves on the daily time frame such as this one. Price broke through the moving average. This suggests a possible move even lower. My pending orders sit at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6, 0.0. Each order has a stop loss of 30 pips. Risk is less than 2% per...
Long CHFDKK @ 6.40; TP @ 6.52, SL your choice
It might be said that USD/DKK is trading in three channels simultaneously. The most prominent one has confined the rate in a downward-sloping movement since early December, 2016, as apparent on the daily chart. The two most recent ones were formed late in August (as a new up-wave) and September. Meanwhile, the rate tested the upper boundary of the long-term...
The US Dollar is trading in two patterns simultaneously against the Danish Krone. The senior formation is a four-week channel up. In addition, the Greenback has entered a minor consolidation phase, thus forming a descending triangle. All indications point to a possible fall in the hourly and daily time-frames, starting from technical indicators and ending with...
The US Dollar has been weakening against the Danish Krone since February, thus forming a falling wedge. The given pattern has been valid for several months now, which indicates that its maturity may be reached soon. This assumption is supported by the fact that the US Dollar is gradually moving towards a two-year low at 6.4040. This level may eventually turn into...
USD DKK coming to the end of its downside. good oppertunity for a massive long. if it does break the box it will give new opportunities to continue shorting enjoy and good luck
Hello, traders. This idea is valid untill price breaks 6.79 level
I'm pretty strong believer that we are going to see a third touch on the upper trend line. It does feel like it has found support already on the 55MA and 10EMA, but be aware it might go down and touch the bottom support, before going up.
EURDKK is at a magical spot currently. The resistance, its near now, have been tested many times. Currently you see the 5 times it's been tested since '11, but if you look further back, on the weekly, you will see it was also was tested in 2004, and again further back in the 90's. I'm not rushing to get into this pair - but it's definitely on my radar the next...
I can see some bear vol coming on usd/dkk so watch it out as i am short this one trade with my strategy or implement yours based on this analysis if u think the same do comment and like.Trade with care @2smart2trade