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harveygoldfx
Jan 23, 2020 11:43 AM

Danish Krona-Singapore Dollar DKKSGD 

Danish Krone/Singapore DollarSaxo

Description

Perfect Elliot wave cycle in the downward trend. Weekly resistance is good to check or D1 trades. The pair is at a strong Support level . However law alternation on wave four not fully followed. I take this to be a picture perfect cycle regardless. The proportions of corrective structure within the downtrend are near perfect. I project a push away from this support followed by a retest of this level and continuation to C. For best look for >3 days of divergence on rsi 21 on the h1. This would be a good swing trade
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