This pair seems to be on a long-term uptrend. Market sentiments indicates that there are less buyers than sellers which could support my hypothesis that this pair will be a long-term buy.
Hello friends, good time 15 min timeframe This is a postion I analyzed with Smart Money steup is clear enjoy your trade
the pair is overdone on downside, and we are at the low of the channel. Further, RSI oversold and stochastic near positive. Strategy is BUY @ 6.6330-6.6370 and take profit @ 6.7087 for now. Stop-loss below 6.6000.
We see regular divergence, so I expect a correction and touch the cloud!
1. Overall trend is bullish 2. Fib 0.786 acted as resistance and currently shows a strong indication of acting as support. 3. Medium risk as there is possible resistance close to TP1
This pair has been falling like a ton of bricks the whole of last week. I have a feeling this could change now, because: - the area around 7.1800 has been a solid S/R zone for this entire year. - The 200 dma is nearby too and could act as dynamic support. However, I do need to see some evidence of bullish strength before I commit to a trade. For this is I will be...
The USDDKK pair has been trading within a Bullish Megaphone pattern since the January 28 2022 High. Every of the pattern's Higher High has been on a +0.5 Fibonacci progression starting from Fib 1.0 and with the most recent two days ago on the Fib 2.5 extension. Those Fibonacci levels are an even longer-term pattern that you can see if you zoom out of the...
It has broken the sideways support and bulls have taken over.
Ready signal Usddkk sellstop 7.44414 SL 7.50138 TP 7.38690 Gl
Elliott Wave analysis USDDKK Details on the chart
I am going short after seeing a bearish doji form at resistance. I will be targeting previous support.
sell at 7.4000 or wait for break out 7.3600 in H1 time frame. your stoploss will be 7.48 and tp is 7.2550. good luck. forexplayers
The bullish trend is seen in the USDDKK pair, it is expected that it will continue its upward trend untill the peak resistance.
Bearish breakout : Entry price 7.08871 Take Profit 7.06302 Stop Loss 7.10881
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...