Do you like Head and Shoulders pattern, wolves?🔥
Here it is, guys!
Today we have h&s pattern on USDDKK on a big frame.
There was a strong bearish movement before then price entered into correction. Price has drawn h&s at the top of this correction and now it already broke support zone.
Possible retest of the new resistance zone is expected. However the price may...
Daily time frame:
-Head and shoulder pattern formed (high probability trade setup)
-Price broke through a zone
-Pair has been in a downtrend (long-term)
-DXY is about to break 90 with the same head and shoulder pattern hence, waiting for a big drop
-Good risk reward, high probability, I love this setup
Side note: this pair is not a major but price...
While the price is above the support 6.04400, beginning of uptrend is expected.
We make sure when the resistance at 6.09700 breaks.
If the support at 6.04400 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against...
Detailed backtest results
- Win/Loss ratio : 433%
- Non losers : 82%
- Net R : 19.75 R across 17 trades
- Avg R / winner = 1.52
- Avg R / trade = 1.16
Icons on the chart
- Thumbs up : Trade was a win
- Thumbs down : Trade was a loss
- Circle with a cross : Trade was breakeven
- Cross : Did not take the trade due to one or more trade...
Hello Friends! I hope "USDDKK" will go Short 'UP' and touch R1 then some correction. After her correction, it will touch R2 and R3.
Are you have any questions, suggestions, or feedback? Then write on comment or privet chat. If you need any help, info, or analysis. Then knock me without any hesitation.
Hello Friends! I hope "USDDKK" will go Long 'Buy' position and touch R1 then some correction. After her correction, it will touch R2 and R3.
USDDKK - Buy
=> Entry Price: 6.35081
=> Stop Loss: 6.22492
=> Take Profit1: 6.50394
=> Take Profit2: Open
You will take only 1-2% risk for all running entry
You will try to give an alert when need to...
Price has been in a long downtrend and finally hit a key weekly level. Price began to range and form a head and shoulders reversal pattern. Heat map indicates that we are looking for buys along with the recent strength of the USD. The Danish Krone is also pretty weak compared to the recently bullish dollar and is starting to sell off around its key level. The MACD...
The pair will continue to move lower in the following days towards its September 2017 low. The improvement in Denmark’s unemployment rate will send the greenback to the $6.10 price level. Denmark posted a 5.1% unemployment rate in yesterday’s report which indicates the potential recovery of the country in the coming months. This positive data further made the US...
For some reason it won't let me draw trend lines on the RSI band. Looking to play off the bullish divergence established on the daily. There is decent support at the green line, which offers a good risk to reward. The overall trend is still downward, so I only plan to trade within the FIBS and take profits before the .382 or dead cat zone. Even if this range, the...
Direction: - On the H4 USDDKK was in a Bullish OrderFlow.
- It entered the H4/H1 liquidity area.
Entry: - W (Double Bottom) Pattern formation on both the H1 & M15
- RSI crossed the Signal Line (Shark-fin) on the H1 & M15, indicating a probable rise in the pair.
- RSI was near the 32 on the H1 & M15, indicating the pair was oversold.
- I entered once...