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...
How's it going everyone. Long time no trade, it's been a while since I have traded kinda did not want to put money into the market if I do not have time for it but this seems like a pretty solid trade to long. Just gonna wait for the four hour confirmation to form and check other USD charts to see what is going on.
For now I am thinking to long but we will see....
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...
There is a probability of first tp to the proposed (6.69507) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
USDDKK Waiting for the Range Bound and the beginning of the Ascension Trend.
Good day trader's, here's my day twenty vidoe of the #100DaysofTechnicalAnalysisChallenge. USD/DKK caught my interest and here's a full breakdown on it. i'll look to go LONG on USD/DKK only if my trading criteria is met. Let me know your sentiments on it in the comments.
Very simple setup explained in the chart. This trade has a stupidly high Risk to Reward ratio so we cannot let it pass.
If you have any questions please leave them in comments.
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Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only way to become...
I expect price to retrace to 0.618 or 0.786 level before we go long for wave impulse 3 ..... and using chart pattern and bank manipulation level , i see quasimodo forming there as a confluence to my trade