The bullish trend is seen in the USDDKK pair, it is expected that it will continue its upward trend untill the peak resistance.
Hehe... saw pattern when it was much younger. Itz gone farther now- LTF skit. Hopefully, it retraces to this level, if should provide opportunity for you again.
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The USDDKK pair has been trading within a Channel Up for more than 1 year. The recent 1D RSI sequence points to a medium-term top. Long-term buyers can either enter on the 1D MA50 (blue trend-line) on a tight stop loss and if triggered wait for the final buy on the 1D MA200 (orange trend-line), which buy the time will be on the Higher Lows (bottom) of the Channel...
Entry Price 6.70095 Take Profit Price 7.02361 (4.82% Increase) Broken Level Retested Level
The Dollar index topped 96.00 last week and is now retracing. The bulls can potentially push price higher again if price can stay above the higher low at 95.51. In this video, I've also added USDDKK which is a positively correlating currency pair. Take look and be sure you're following me here on Tradingview and Youtube(SLFX Trading). Have a safe trading week.
Similarly like the High returns from USDPLN Here is USDDKK also. You might want to use reversal from the trendline for another Entry opportunity. All the best!
possible short.expect the price to continue falling for the completion of M formation
Do you like Head and Shoulders pattern, wolves?🔥 Here it is, guys! Today we have h&s pattern on USDDKK on a big frame. There was a strong bearish movement before then price entered into correction. Price has drawn h&s at the top of this correction and now it already broke support zone. Possible retest of the new resistance zone is expected. However the price may...
Confluences: Daily time frame: -Head and shoulder pattern formed (high probability trade setup) -Price broke through a zone -Pair has been in a downtrend (long-term) -DXY is about to break 90 with the same head and shoulder pattern hence, waiting for a big drop -Good risk reward, high probability, I love this setup Side note: this pair is not a major but price...
Buying USDDKK from the monthly Support which also resonates with the weekly and daily support level this also being in harmony with the DXY index Given we were already in an uptrend on the monthly and weekly time frame hence waiting for price rejections at that given level to get a confirmation to go Long on the given pair
Buying USDDKK from the monthly Support which also resonates with the weekly and daily support level this also being in harmony with the DXY index Given we were already in an uptrend on the monthly and weekly time frame hence waiting for price rejections at that given level to get a confirmation to go Long on the given pair
Quite sometime hasn't update and share trading plan! Setting up a long on USDDKK around current level with stop below recent key support and targeting at least a retest of at least 6.16 level
looking foreword to H&S continuation. Further confirmation required.
Midterm forecast: While the price is above the support 6.04400, beginning of uptrend is expected. We make sure when the resistance at 6.09700 breaks. If the support at 6.04400 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: Price is below WEMA21, if price rises more, this line can act as dynamic resistance against...