Gbpdkk has hit an importance area of demand and could possibly go long in the next 3 months, patience is key , waiting to see a valid retest of the demand and go long beyond the 8.0 Mqp price.
Watching Danish krones at key levels, we are hoping there will be a seasonal demand for GBP very soon.
In the name of ALLAH who is most merciful and the master... We take trading as a business, not a gambling stuff. We have calculated approximate risk to reward ratio. Please note: -> Never go beyond 1.5% risk of your total trading capital on a single trade, -> Always move your stops to your entry levels after the price moves 100 pips towards...
ENTRY: 8.6900 TP: 8.6400 TP2: 8.6000 TP3: 8.5500 SL: 8.7700 Chart time frame - 1D Time for reaching TP - 1-3D Follow, Like, Share or Comment Thanks on supporting! All best!
GBPDKK has been on a bullish run for 2 weeks. At the start of the 17th of Feb week, its bearish intentions have been shown, bearish patterns forming indicating an imminent drop. On the chart we can see an Upside down incomplete M patter, a bearish triangle with a bearish breakout, a double top formed inside the triangle a continuation of the fall. Loo for entries...
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
WE ARE IN THE BEGINNING OF WAVE B UPWARD, WILL WAIT FOR A RETRACEMENT OF MINIMUM 61.8% OF WAVE A, THEN GO FOR A SELL DOWNWARD TO THE LEVEL OF 8.8570.
WE ARE IN THE BEGINNING OF WAVE C DOWNWARD, WE ARE EXPECTING THE PRICE TO REACH A MINIMUM OF 8.8115.
IF trade hits sl of the sell position let it go to the second entry
DISCLAIMER and RISK WARNING: Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them. Don't trade with money you can't afford to lose. The contents and information provided here are for information purposes only, and are neither a solicitation nor an offer to buy or sell forex,...
DISCLAIMER and RISK WARNING: Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them. Don't trade with money you can't afford to lose. The contents and information provided here are for information purposes only, and are neither a solicitation nor an offer to buy or sell forex,...
Looking at the chart, we can see a potential buy area between: 8.80227 / 8.68917, with a SL below: 8.68917 and a TP#1 area between 8.96502 / 8.90295 where I recommend closing 50% of your initial tradesize to give the TP#2 area "air to breave" and give you potentially more gains in the area between: 9.11122 / 9.06156 Follow if you like this ideas! check out my...