USDDKK - Long1. Overall trend is bullish
2. Fib 0.786 acted as resistance and currently shows a strong indication of acting as support.
3. Medium risk as there is possible resistance close to TP1
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USDDKK – Bullish? Not really but watching … week of 14 Nov 2022This pair has been falling like a ton of bricks the whole of last week. I have a feeling this could change now, because:
- the area around 7.1800 has been a solid S/R zone for this entire year.
- The 200 dma is nearby too and could act as dynamic support.
However, I do need to see some evidence of b
USDDKK Excellent Sell & Buy Signals within this MegaphoneThe 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 lon
USDDKK SHORT TRADEI am going short after seeing a bearish doji form at resistance. I will be targeting previous support.
USDDKKsell at 7.4000 or wait for break out 7.3600 in H1 time frame.
your stoploss will be 7.48 and tp is 7.2550.
good luck.
forexplayers
USDDKK in bullish rallyThe bullish trend is seen in the USDDKK pair, it is expected that it will continue its upward trend untill the peak resistance.
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