USDDKK: Buy opportunity on the 1M Channel Up.
The price is testing again the 1D MA50 (blue line) following a rebound on the Higher Low of the 1M Channel Up (RSI = 54.950, MACD = 0.046, ADX = 37.670, Highs/Lows = 0.0000) it has been trading on since mid 2018.
The MACD and RSI on the 1D chart are both waving the same bull flags they did when the price reached previous Higher Lows on the Channel. We treat this as a strong medium term buy opportunity with TP = 6.8000 and 6.8500.
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The MACD and RSI on the 1D chart are both waving the same bull flags they did when the price reached previous Higher Lows on the Channel. We treat this as a strong medium term buy opportunity with TP = 6.8000 and 6.8500.
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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