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U.S. Dollar / Danish Krone

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USDDKK trade ideas

USDDKK 23rd MAY 2022Amid losses across markets on fears of the impact of soaring inflation , a hawkish Federal Reserve and the Russo-Ukrainian conflict. Coronavirus-induced damage to the public finances has been minor, reflecting a large fiscal surplus prior to the pandemic. In response to Russia's invasion of Ukraine, Denmark has pledged to donate 2,700 anti-tank weapons to Ukraine. Market participants sought refuge in safe-haven assets amid fears of the impact of a spike in inflation that hit its highest level in four decades. Dollar still tends to strengthen with a bearish correction for the next few weeks.
Long
by DNP-FX
USDDKK Two spots for a comfortable long-term buyThe USDDKK pair has been trading within a Channel Up for more than 1 year. The recent 1D RSI sequence points to a medium-term top. Long-term buyers can either enter on the 1D MA50 (blue trend-line) on a tight stop loss and if triggered wait for the final buy on the 1D MA200 (orange trend-line), which buy the time will be on the Higher Lows (bottom) of the Channel Up. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
1
USDDKK 20 JANUARY 2022 1610 hrsSupply (sell) pressure looks light coming off of that previous supply zone. But we dont want to buy this close to a previous supply zone. There may possibly be more supply right above there that can knock the price down. You want wait so that there is space between yor entry and a previous supply zone.. why is that? Because if you allow yourself space you will have time to react in teh event supply comes in and knocks teh price back down. This will allow you to determine wether or not the trade is still viable. If not, you can close out the trade before absorbing a large loss. How many time have you bought at market and immediately the price turns on you? Like they are watching YOU specifically. Here is a secret... they are not watching you. In an uptrend we are waiting for accumulation/re-accumulation to take place. To identify when this is happening you need to see stopping volume (climatic volume)... If this is something that you want to get good at: Sources of education: Richard Wyckoff Tom Williams Volume spread analysis VSA/ Master the Markets Pete Faders VSA*
Sam Seiden (supply and demand) Read the ticker dot com Wyckoff analytics PsychFX MentFX Element 15 trades (bitchute/odessy) Avoid buying into weakness/supply/resistance Avoid selling into strength/demand/support Avoid entry when price is in middle of a range (phase B) Also Pete Faders VSA is starting to put free content out on YouTube again. He can explain it better than I can and offers courses if you want to go down that hole. However, you can learn the majority of the material through the free videos posted there. Once you leanr volume analysis you will wish that it is where you started.
Long
by dee718
Ichimuko: USDDKK Danish kronerIf you like my strategy, please strictly control the single loss between 1-2%. We have played many games in the market. The investment itself is very low-risk, and irrationality is the biggest risk. My trading behavior report is available at the link below. I can analyze the market in a short time, involving foreign exchange, encrypted currency, commodities and stock indexes. Quality needs your long-term follow-up verification. Your support and comments are the driving force of my update! and Thank you
Short
by ichimoku163