USDDKK trade ideas
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 .
Follow us for more trade ideas.
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 !
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*