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USDDKK trade ideas

Jump n FallDo you like Head and Shoulders pattern, wolves?🔥 Here it is, guys! Today we have h&s pattern on USDDKK on a big frame. There was a strong bearish movement before then price entered into correction. Price has drawn h&s at the top of this correction and now it already broke support zone. Possible retest of the new resistance zone is expected. However the price may fall without correction. So follow the chart and wait for the best price to enter carefully. If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
Short
by Berzerk_invest
1
USDDKK Is The purest dollarANALYST: AMUN SULED ➖ COMPANY: OCSI CAPITAL MANAGMENT ➖TRADE : directional bias IMPORTANT INFORMATION:📌 * ORDER FLOW: bearish * DAY OF THE WEEK:Friday * PROJECTED TP : $$ * PROJECTED SL: 🌚 whats up master traders! welcome to another trade idea with Genius Chart. If you like what you see and it helps you ,please support our work by writing a comment and SMASHING that like button! 👍🏾 its us against the markets❗️ Our mission is to provide the tools and knowledge to people across the world and help them tap into uncharted potentials and obtain unimaginable financial freedom. if you hang around this profile long enough you will start to visually learn valuable lessons that will help you put your puzzle together as we are all on our own journey. Why should you follow our profile on Trading View❓ ➖you will get ➖ 🥇Clean charts ' 🥈Consistent chart updates with our highest probability set ups 🥉 Analysis on a wide range of major markets ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ♟Legal Risk Disclosure Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
by genius-chart
There is a possibility of the beginning an uptrend in USDDKKMidterm forecast: While the price is above the support 6.04400, beginning of uptrend is expected. We make sure when the resistance at 6.09700 breaks. If the support at 6.04400 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 45. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
6
There is a possibility of the beginning an uptrend in USDDKKMidterm forecast: While the price is above the support 6.04400, beginning of uptrend is expected. We make sure when the resistance at 6.09700 breaks. If the support at 6.04400 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 45. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
7
USDDKK (4H) Backtest : 76% Win rate (19.75 R), 82% non-losers!Detailed backtest results - prnt.sc - Win/Loss ratio : 433% - Non losers : 82% - Net R : 19.75 R across 17 trades - Avg R / winner = 1.52 - Avg R / trade = 1.16 Icons on the chart - Thumbs up : Trade was a win - Thumbs down : Trade was a loss - Circle with a cross : Trade was breakeven - Cross : Did not take the trade due to one or more trade qualifiers - Bug : I could not understand how to trade, so avoided trading Trade qualifiers - $ icon : DXY was either supporting the trade direction (and we took the trade as win/loss/BE), or DXY was not supporting the trade direction (and trade was not taken) - Dollar bill icon : Liquidity was present behind the stop loss How to read icons on chart? - Thumbs up + $ icon => Winner trade, direction was supported by DXY - Thumbs down + $ icon => Loser trade, direction was supported by DXY - Cross + $ icon => Trade skipped because DXY didn't support trade direction (though a liquidity hunt wasn't an issue) - Cross + $ icon + Dollar bill => Trade skipped because DXY didn't support trade direction & a potential liquidity hunt was due near the stop loss - Cross + Dollar bill => Trade skipped because a potential liquidity hunt was due near the stop loss (though DXY did support trade direction) Indicators at bottom of chart 1) Count of HH/LL for the pair - shows when market structure is broken => Also generates a signal on the main chart (highlighted vertical lines) 2) Count of HH/LL for DXY - shows how the pair is moving in correlation to DXY 3) Correlation of the pair with DXY - just to give an idea about how the correlation is moving Strategy Pickup a pair which is highly correlated to DXY AND Wait for market structure to break, then trade the retest of that zone. Zone is drawn using the first candle which crossed the pivot high/low to begin trapping the traders AND Liquidity in form of equal highs/lows should not be present behind the stop loss AND Since the pair is highly correlated to DXY , the formation of HH/LL in DXY should support the trade's direction at the time of zone's formation Risk management 1) Reduce 50% at 1R => Trade becomes risk free 2) Reduce further 25% at 2R AND move SL to break-even 3) Close trade at 3R 4) Winner = 1.75R Variables Avg winner = 1.75R PS1 : Please excuse the busy chart! PS2 : This backtest was performed right to left, so could include visibility bias. However, I tried to follow the strategy rules in all trades.
by makuchaku
1