USD DKK ForexAs we trade I think the mane thing to understand is to not stray away from our main strategies. Something I learned in the very beginning of trading was support and resistance and I remember my brother telling me to get into a trade on the one two three rule. Here we can see this will be the potential third time USD DKK will hit this respectable resistance. It has hit it about 5 times in the past leading to great shorting opportunities. I do not see why it would not do the same again here. I have my stop loss placed and I may have entered this trade a bit too early but since it has breaker through recent support I believe we could be in for some huge profit.
From my posts I have been all over the place and thinking about where to place trades but it always led me to being very indecisive. So I decided to not enter into too many but try my best charting them. But for this, I feel quite confident on. Hopefully we can gain some solid profit on this currency pair and prepare for next week.
~JS