USDDKK Excellent Sell & Buy Signals within this Megaphone
The USDDKK pair has been trading within a Bullish Megaphone pattern since the January 28 2022 High. Every of the pattern's Higher High has been on a +0.5 Fibonacci progression starting from Fib 1.0 and with the most recent two days ago on the Fib 2.5 extension. Those Fibonacci levels are an even longer-term pattern that you can see if you zoom out of the chart.
What has given incredibly accurate signals within this Megaphone has been the 1D RSI. Every top within its Resistance Zone has been a Sell Signal while every rebound on the Support Zone has been a Buy Signal. As you see three days ago the RSI topped within the Resistance Zone and pulled-back aggressively, giving us the most recent Sell Signal. Technically the target is the 1D MA50 (blue trend-line) and the bottom (Higher Lows trend-line) of the Megaphone where we can buy again once the 1D RSI hits its Support Zone. Naturally, if the same Fib progression is followed, we should expect the Megaphone to make its next Higher High on the Fib 3.0 extension.
Be aware that a candle close below the Megaphone can invalidate all this and instead start targeting the lower Fib levels as a correction. In such cases we can expect the longer-term Support of the 1D MA200 (orange trend-line) to be tested.
-------------------------------------------------------------------------------
** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
-------------------------------------------------------------------------------
👇 👇 👇 👇 👇 👇
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
What has given incredibly accurate signals within this Megaphone has been the 1D RSI. Every top within its Resistance Zone has been a Sell Signal while every rebound on the Support Zone has been a Buy Signal. As you see three days ago the RSI topped within the Resistance Zone and pulled-back aggressively, giving us the most recent Sell Signal. Technically the target is the 1D MA50 (blue trend-line) and the bottom (Higher Lows trend-line) of the Megaphone where we can buy again once the 1D RSI hits its Support Zone. Naturally, if the same Fib progression is followed, we should expect the Megaphone to make its next Higher High on the Fib 3.0 extension.
Be aware that a candle close below the Megaphone can invalidate all this and instead start targeting the lower Fib levels as a correction. In such cases we can expect the longer-term Support of the 1D MA200 (orange trend-line) to be tested.
-------------------------------------------------------------------------------
** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
-------------------------------------------------------------------------------
👇 👇 👇 👇 👇 👇
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!