USDDKK trade ideas
USDDKK Simple bearish setupHey 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.
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USDDKKI expect price to retrace to 0.618 or 0.786 level before we go long for wave impulse 3 ..... and using chart pattern and bank manipulation level , i see quasimodo forming there as a confluence to my trade
USDDKK: Daily/Swing LongLong 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.
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!
WK21, USDCHF, long ideaTwo ascending support trend lines with an increasing angle. Looking for a 3rd touch of the second trend line to confirm support.
IF there is a upward break of the price range - 6.912 -> 6.9325 AND there is a retracement and retest of the upper area of the price range
THEN look for buy opportunity.
Targets TBC
USD/DKK. Waitng Current prices are cumulative in many models. The large model is a triangle, the second model is a parallel price channel, and the smaller of the parallel price model is the rising flag pattern. USD / DKK will have 2 rising scenarios. 1 is to exit the accumulation area and go up, then test the exit area and increase again. 2 is the price will return to test the demand area and then turn up and break to go up.
USDDKK SHORTGood morning traders, this currency pair is currently in a descending channel so I expect it to sell for few easy pips, we do have a clear rejection of higher prices and a doji bar forming on the current trend line on the 2h chart. My stop is at 6.9165 and TP at 6.85. always do your own research before placing a trade.
USD DKK ForexAs we trade I think the mane thing to understand is to not stray away from our main strategies. Something I learned in the very beginning of trading was support and resistance and I remember my brother telling me to get into a trade on the one two three rule. Here we can see this will be the potential third time USD DKK will hit this respectable resistance. It has hit it about 5 times in the past leading to great shorting opportunities. I do not see why it would not do the same again here. I have my stop loss placed and I may have entered this trade a bit too early but since it has breaker through recent support I believe we could be in for some huge profit.
From my posts I have been all over the place and thinking about where to place trades but it always led me to being very indecisive. So I decided to not enter into too many but try my best charting them. But for this, I feel quite confident on. Hopefully we can gain some solid profit on this currency pair and prepare for next week.
~JS
USDDKK Short Trade - Limit Entry 6.93Stop Loss = 6.955 / Take Profit = 6.855 > Coupled with a 1% risk and 3% reward.
Once the trade reaches a 1:1 point move SL in front of the entry to protect the downside.
If it takes you out we can always re enter at another opportunity.
As the trade progresses i will comment every change to show you how i make to maximize profits.
Remember Risk/Reward is the key, we will take losses along the way but overall profit in the long run.
If you enjoy follow and like my ideas and if you have questions message me.
Keep Chasing that Paper!!!
USDDKK ForexDouble top formation is confirmed, this currency should fall hard. Which also means EUR USD should be good to long. Thats what I think at least. If this does not fall I will be surprised but at the end of the day this is all just probability you can only do so much. Let me know if this would be considered a confirmed double top in the comments down below.
~JS
Message me if you have questions.
USDDKK ForexAlright you guys, were back. Going to be shorting this trade, we can see the double top and now is the site of entry. Get in quick!
USDDKK 08 MAY 2020 1433 hrs (4 hr TGT practice)Wide range.
Looking for volume information off of support or resistance.Fishing from the edges of the lake, not the center.
Look for springs below support
look for upthrusts above resistance
Dont knwo what a spring or upthrust is?
Refer to Richard Wyckoff and Tom Williams.
* Target practice*
USD DKK Bearish SetupUSDDKK, Bearish setup -expected to be bumpy downwards so monitoring will be required. If price rises to break above the dsl line then the setup will be invalid.
