Text book bullish W-Bottom on weekly. Huge gains here.
USDDKK and a Weekly chart Double-bottom which has just passed through the neckline.
Look for a retrace back to neckline.
On USD strength at the moment, this is sure to climb during trading today and the next several weeks. Massive RR. Thx Chris.
Stupid-bloody software. Ignore the chart above. I tried to delete and overwrite but this damn software that some of us spend so much time is simply bs.
Here is a 5m chart showing the breakout and a retest back on the neckline which is the red-dotted line. It may conduct a retest again or look for a fib retracement or a good ol' market order at these low levels.
Be aware that Double bottom breakouts even over and beyond neckline, often retrace in a big way back underneath the neckline to push traders patience and take stops. Then price breaks out again.
I can't see the above happening because this is a weekly chart firstly, plus the USD is too strong in momentum currently.
Your're welcome:)
Usddkklong
USDDKK – Bullish? Not really but watching … week of 14 Nov 2022This 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 monitoring price action on 4 hour and even the 1 hour chart, looking for signs that the bulls are gaining control. These signs can come in the form of double bottom, hammer or an engulfing candle formation.
For now this is a counter trend idea, so even if a setup forms, I would recommend an initial half position size. If this works out as per my expectation, we should have a +2R trade, with a possible extension to 4R.
Always use sound money and risk management and stay patient in all your trades.
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Can The Bulls Push The Dollar Higher?The Dollar index topped 96.00 last week and is now retracing. The bulls can potentially push price higher again if price can stay above the higher low at 95.51.
In this video, I've also added USDDKK which is a positively correlating currency pair. Take look and be sure you're following me here on Tradingview and Youtube(SLFX Trading).
Have a safe trading week.
USDDKK buy set up USDDKK BULL prive movement prediction ready i believe that .
usdsgd mine own perspective so what's your consideration on the price movement please comment in the below section ?
I believe that. So what is your expectations in comment below.
So guys Let's look at it 😍😍😍🥰😍😍😍😍 with #hasanat_hussain_al_ahmed_hasan
USD/DKK: TIME TO GO LONG!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 towards the broken support
2nd part: waiting and see -> if the broken support has become a resistance = go short OR if it breaks above the support = go long
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!