USDDKK important zone!Hi all,
price breakout first support zone, we wait for 2th support zone reaction,
i draw m idea on chart , watch it and think :D
tnx.
USDDKK trade ideas
USDDKK [Pending Long]Long Setup
- Strong support
Setup Entry
- Entry: 6.76685
- Stop: 6.72956
- TP1: 6.81729
- TP2: 6.89699
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.
Longs Favoured Till supported by Fib levels-...Hello Traders ,
Here we have posted long term analysis on Pair , We can see a nice ascending channel pattern in which pair has just tested channel bottom and strong bullish reversal candle has formed ,
We can notice strong support zone and also fib retracement levels at confluence with each other where reversal candle has formed , which makes case for potential bullish continuation..
In these articles we post intraday possible outcomes of pairs based on naked trading setup only .. We do not take into account fundamental news which may move pair significantly in any direction , follow your trading plan .
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Potential Long based on 200 EMAAfter closely evaluating this pair throughout the past year on multiple time frames, I am confident that with an upwards EMA crossover, we will profit 0-200% ROI.
USDDKK - Will History Repeat Itself?Good evening all,
I will share my thoughts of the current market situation and any possible targets. You can make your conclusion out of this and make your own decision how to play it!
Will history repeat itself?
Price is heading to major support and the 50 EMA is waiting to be tested once more! A sniper entry is possible with a very tight stoploss in case support will not hold.
Some things look to good to be true, are they?
Next target; give this idea a like and me a follow : ))))
Thanks for your support !
Remember ; Every Moment Is Unique !
USDDKKSimply applying the Fibonacci Retracement tool we are currently at the mature level at 78.60 of the Fib, then that gives me a complete leg B then I anticipate some bit consolidation giving us a head and shoulders then a drop to give leg C or much further drop to that demand zone.
I currently have a SELL STOP at 6.88434I will update the idea id things change but for now we have a sell stop. Notice the rotation happening in the market now. Specifically EUR, USD and cough cough, Indexes. Idea for spy is coming later today or tomorrow.
USDDKK SHORT CRABCrab PRZ lines up with Shark PRZ lines up with AB=CD PRZ, I'm pretty confident in a reversal occuring.
SELL USD/DKKWE ARE IN THE WAVE A DOWNWARD AS PER ELLIOTT WAVE PRINCIPLE, WE ARE EXPECTING THE PRICE TO REACH 6.7980.
SELL USD/DKKWE ARE IN THE END OF WAVE 5, EXPECTING A DOWNWARD MOVEMENT IN THE WAVE C TO REACH THE PRICE OF 6.7930 AS PER ELLIOTT WAVE PRINCIPLE.
TRADING LOG ENTRY #66 USDDKK SHORTHead & shoulders forming right shoulder with MACD divergence, and on top of that it's in the PRZ of an AB=CD from the 4h chart, this is a high probability trade. I would enter the trade at the 0.50 fib retracement.
USDDK TGT practice 24 JAN 2020 1332 hrs. Background:
Uptrend
RSI negative divergence into new high ground with volume expansion
entering key resistance zone (clearly seen on the daily)
Volume (increasing supply pressure) expansion as it nears resistance
fairly weak uptrend (lack of buyers on re-accumulation, increased selling at each test of new high ground)
looking for volume expansion (demand pressure increase) at support and key fib zones with the intent of riding the uptrend.
Maybe a counter-trend possible but need to keep risk in check. Double top with a high volume upthrust would be a good counter trend.
Practice*
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
