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...
Confluences:
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...
ANALYST: AMUN SULED ➖ COMPANY: OCSI CAPITAL MANAGMENT ➖TRADE :
directional bias
IMPORTANT INFORMATION:📌
* ORDER FLOW: bearish
* DAY OF THE WEEK:Friday
* PROJECTED TP : $$
* PROJECTED SL: 🌚
whats up master traders! welcome to another trade idea with Genius Chart. If you like what you see and it helps you ,please support our work by writing a comment and...
according to analysis shown Eur/Usd possibly broke falling wedge bullishly, correlating w/ 1.10 psychological area. + we see a possible double bottom rejecting same price. breaking trendlines left & right. pink like shows possible TP area. please feel free to comment and add to. Thank you for your time.
USD Short Bias
- Quant score shift of -10 to give a total score of -3
DKK Long bias
- Quant shift of + 16 to give a total of 33
TA
Sell Zone
Congestion
Low Break
