Price has been in a long downtrend and finally hit a key weekly level. Price began to range and form a head and shoulders reversal pattern. Heat map indicates that we are looking for buys along with the recent strength of the USD. The Danish Krone is also pretty weak compared to the recently bullish dollar and is starting to sell off around its key level. The MACD...
1. Completing template 2. Appropriate Volume Move towards goals ...
The pair will continue to move lower in the following days towards its September 2017 low. The improvement in Denmark’s unemployment rate will send the greenback to the $6.10 price level. Denmark posted a 5.1% unemployment rate in yesterday’s report which indicates the potential recovery of the country in the coming months. This positive data further made the US...
For some reason it won't let me draw trend lines on the RSI band. Looking to play off the bullish divergence established on the daily. There is decent support at the green line, which offers a good risk to reward. The overall trend is still downward, so I only plan to trade within the FIBS and take profits before the .382 or dead cat zone. Even if this range, the...
USDDKK Long Direction: - On the H4 USDDKK was in a Bullish OrderFlow. - It entered the H4/H1 liquidity area. Entry: - W (Double Bottom) Pattern formation on both the H1 & M15 - RSI crossed the Signal Line (Shark-fin) on the H1 & M15, indicating a probable rise in the pair. - RSI was near the 32 on the H1 & M15, indicating the pair was oversold. - I entered once...
Trade Proposal: There is a probability of first tp to the proposed (6.69507) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals. Technical analysis: USDDKK Waiting for the Range Bound and the beginning of the Ascension Trend. TP1= 6.69507 TP2= 6.77582
Hey there! Very simple setup explained in the chart. This trade has a stupidly high Risk to Reward ratio so we cannot let it pass. If you have any questions please leave them in comments. Did you like the idea?? Give us a thumbs up!! Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only way to become...
Long setup. Entered at orange line. We'll see how volatile Friday is, this trade may extend to next week. We are developing nice bullish divergence on the Weekly.
As we can see from the chart above there are clear signals of buy opportunities: - Two Bullish pin bar after four bearish pin bars - RSI 14 looks almost oversold My suggestion is waiting for a confirmation bullish candle after the bullish pin bar and then going long. A wise decision would be to split the trade into two parts: 1st part: setting a target price...
USDDKK is at a strong resistance level and im expecting a fall to a nearby support zone...…..it is in an uptrend so our tp 1 will be @ 6.85785 Tp 2 and 3 are open
we have a bearish structure, with weakening momentum and strong resistance zone. short.
Simply applying the Fibonacci Retracement tool we are currently at the mature level at 78.60 of the Fib, then that gives me a complete leg B then I anticipate some bit consolidation giving us a head and shoulders then a drop to give leg C or much further drop to that demand zone.
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...
Pattern: Channel Up on 1M. Signal: Bullish as the price is on the Higher Low zone of the Channel Up, supported by the 1D MA200. Target: 6.8500 (just below the 1W Resistance) and if the 1W R breaks 6.9300 (projected Higher High).