πŸ”„ USDDKK: CURVE ANALYSIS (1D) πŸ”„

Updated
SLO2 @ 7.1123 ⏳
SLO1 @ 7.0592 ⏳
TP5 @ 7.0450
TP4 @ 7.0000
TP3 @ 6.9355 πŸ’°
TP2 @ 6.8733 πŸ’°
TP1 @ 6.7830 πŸ’°
BLO1 @ 6.6910 πŸ“ˆ
BLO2 @ 6.6345 ⏳

πŸ€‘ If this uptrend continues to hold then we have some nice money to make AGAIN
Note
πŸ†• USDDKK: CURVE ANALYSIS πŸ†•

(Based on the 18H Chart)

πŸ”₯ GET READY πŸ”₯ GET READY πŸ”₯ GET READY πŸ”₯ GET READY πŸ”₯

TP5 @ 6.9415
TP4 @ 6.9300
TP3 @ 6.8915
TP2 @ 6.8720
TP1 @ 6.8433
BLO1 @ 6.8150 ⏳
BLO2 @ 6.7975 ⏳

ADDITIONAL INFO:
πŸ“‰ There is the probability of Price Action tanking from a mid pivot Resistance Level @ 6.8720

πŸ“ˆ If so, it could be a hard push back to the downside

πŸ“‰ This is a drop of around +570 pips BEFORE we would enter our Buy positions

⚠️ RISK TAKERS can place a SLO @ 6.8685 and a SSO @ 6.8645 ⚠️

This is an Intermediate Time Frame trade (4 hours to 6 day):

β€” Offers a clearer picture of the underlying trend compared to short-term frames.

β€” Provides more opportunities for confirmation signals and technical analysis.

β€” Allows for more flexible trading schedules, trades can be held overnight.

β€” Suitable for swing traders and some positional traders.

πŸ”‘
BLO = BUY LIMIT ORDER
DT = DOWNTREND
PB = PULLBACK
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT
Beyond Technical AnalysisTechnical IndicatorsTrend Analysis

Professor C. E. Ward
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