GBPDKK trade ideas
is this the case? Markets are manipulating keep watching GBP has should have a strong outcome but we also keep in mind Brexit is right outside COVID's door step
GBPDKK Technical AnalysisGBPDKK maintains its stability, keeping the upside scenario current and effective for today.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
GBP/DKKTarget Achieved for Danish Karoner, Waiting to see the next market move as USD demand is currently low there is a strong possibility that price reach 8.9 for GBP/DKK
SELL GBP/DKKSELL GBP/DKK:
The Elliott wave cycle is completed, the price is in a downward movement we are expecting the price to continue its direction towards the mentioned target profit:
Stop Loss: 8.5600.
Entry Point: 8.5020.
Target Profit: 8.2380.
Do not hesitate any question for clarification.
Good Luck!
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
Gbpdkk M.T.A. Trade ideaGbpdkk has hit an importance area of demand and could possibly go long in the next 3 months, patience is key , waiting to see a valid retest of the demand and go long beyond the 8.0 Mqp price.
Watching Danish KronesWatching Danish krones at key levels, we are hoping there will be a seasonal demand for GBP very soon.
GBP/DKK long/buy idea. almost 220 pips move...In the name of ALLAH who is most merciful and the master...
We take trading as a business, not a gambling stuff.
We have calculated approximate risk to reward ratio.
Please note:
-> Never go beyond 1.5% risk of your total trading capital on a single trade,
-> Always move your stops to your entry levels after the price moves 100 pips towards target,
-> Close half of the trade position after market makes half movement towards target.
GBPDKK looks like still strong bear trend to expect in new week
ENTRY: 8.6900
TP: 8.6400
TP2: 8.6000
TP3: 8.5500
SL: 8.7700
Chart time frame - 1D
Time for reaching TP - 1-3D
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GBPDKK Before the drop 1h - 4H ShortGBPDKK has been on a bullish run for 2 weeks. At the start of the 17th of Feb week, its bearish intentions have been shown, bearish patterns forming indicating an imminent drop.
On the chart we can see an Upside down incomplete M patter, a bearish triangle with a bearish breakout, a double top formed inside the triangle a continuation of the fall. Loo for entries below resistance.
Trade safe with proper risk management.
Good luck!
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
SELL GBP/DKKWE ARE IN THE BEGINNING OF WAVE B UPWARD, WILL WAIT FOR A RETRACEMENT OF MINIMUM 61.8% OF WAVE A, THEN GO FOR A SELL DOWNWARD TO THE LEVEL OF 8.8570.
SELL GBP/DKKWE ARE IN THE BEGINNING OF WAVE C DOWNWARD, WE ARE EXPECTING THE PRICE TO REACH A MINIMUM OF 8.8115.
Long at MA200 alligned with trendlineDISCLAIMER and RISK WARNING: Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them. Don't trade with money you can't afford to lose. The contents and information provided here are for information purposes only, and are neither a solicitation nor an offer to buy or sell forex, cryptocurrencies, futures , commodities or stocks.
