๐ EURUSD & USDDKK: Curve Analysis ๐(Based the 5H Chart)
โ ๏ธ EXTREMELY HIGH-RISK RETRACEMENT โ ๏ธ
1๏ธโฃ EURUSD...UT
TP4 @ 1.0828
TP3 @ 1.0777
TP2 @ 1.0743
TP1 @ 1.0695
BSO2 @ 1.0645 โณ
BSO1 @ 1.0615 โณ
-SL @ 1.0601 (aggressive) ๐ซ
2๏ธโฃ USDDKK...DT
-SL @ 7.0383 (aggressive) ๐ซ
SSO1 @ 7.0292 โณ
SSO2 @ 7.0106 โณ
TP1 @ 6.9752
TP2 @ 6.9455
TP3 @ 6.9236
TP4 @ 6.8897
BLO1 @ 6.8816 โณ
BLO2 @ 6.8619 โณ
-SL @ 6.8526 (aggressive) ๐ซ
ADDITIONAL INFO:
๐ Since PA has begun retracing from here, then that big money is still of the table.
1๏ธโฃ๐ EURUSD Curve Analysis, IF it retraces back to the upside
2๏ธโฃ๐ USDDKK Curve Analysis, IF it retraces back to the downside
Trade ideas
๐ฅ EURUSD & USDDKK: Curve Analysis ๐ฅ(Based the 5H Chart)
โ ๏ธ EXTREMELY HIGH-RISK RETRACEMENT โ ๏ธ
1๏ธโฃ EURUSD...UT
TP4 @ 1.0833
TP3 @ 1.0785
TP2 @ 1.0754
TP1 @ 1.0709
BSO2 @ 1.0664 โณ
BSO1 @ 1.0636 โณ
-SL @ 1.0623 (aggressive) ๐ซ
2๏ธโฃ USDDKK...DT
-SL @ 7.0233 (aggressive) ๐ซ
SSO1 @ 7.0418 โณ
SSO2 @ 6.9977 โณ
TP1 @ 6.9652
TP2 @ 6.9379
TP3 @ 6.9178
TP4 @ 6.8867
ADDITIONAL INFO:
๐ If PA retraces from here โ and that's a big IF โ then we have some big money on the table.
1๏ธโฃ๐ EURUSD Curve Analysis, IF it retraces back to the upside
2๏ธโฃ๐ USDDKK Curve Analysis, IF it retraces back to the downside
This is an Intermediate Time Frame trade (4 hours to 6 day):
โ Offers a clearer picture of the underlying trend compared to short-term frames.
โ Provides more opportunities for confirmation signals and technical analysis.
โ Allows for more flexible trading schedules, trades can be held overnight.
โ Suitable for swing traders and some positional traders.
๐
BSO = BUY STOP ORDER
DT = DOWNTREND
SSO = SELL STOP ORDER
TP = TAKE PROFIT
UT = UPTREND
๐ USDDKK: CURVE ANALYSIS ๐(Based on the 18H Chart)
๐ฅ GET READY ๐ฅ GET READY ๐ฅ GET READY ๐ฅ GET READY ๐ฅ
TP5 @ 6.9415
TP4 @ 6.9300
TP3 @ 6.8915
TP2 @ 6.8720
TP1 @ 6.8433
BLO1 @ 6.8150 โณ
BLO2 @ 6.7975 โณ
ADDITIONAL INFO:
๐ There is the probability of Price Action tanking from a mid pivot Resistance Level @ 6.8720
๐ If so, it could be a hard push back to the downside
๐ This is a drop of around +570 pips BEFORE we would enter our Buy positions
โ ๏ธ RISK TAKERS can place a SLO @ 6.8685 and a SSO @ 6.8645 โ ๏ธ
This is an Intermediate Time Frame trade (4 hours to 6 day):
โ Offers a clearer picture of the underlying trend compared to short-term frames.
โ Provides more opportunities for confirmation signals and technical analysis.
โ Allows for more flexible trading schedules, trades can be held overnight.
โ Suitable for swing traders and some positional traders.
๐
BLO = BUY LIMIT ORDER
DT = DOWNTREND
PB = PULLBACK
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT
USD DKK currency pair analysisAnalysis of new financial markets
By zts method
Analysis based on Fibonacci and Smart Money patterns
Our general trend in 1 hour and 4 hours time is up
Because our downward trend is broken with the last wave, we expect correction to the first range of 6.8228 and 6.7553. I will enter into a buy transaction in the second range, or the loss limit is 6.6877 and the profit limit is 6.9500.
Traders, if you like this idea or if you have any comments about it, I would be happy to write your comments.
USDDKK Strong mid-term buy signal.We got a excellent sell entry last time we looked at the USDDKK pair (October 04 2023, see chart below), as we got the long-term market top:
At the moment the pair is ranging within the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) while testing today the Lower Highs trend-line. That is the trend-line of the Bearish Leg that started after the October 04 Lower High of the long-term Channel Up pattern.
If the price action closes a 1D candle above the 1D MA200, we will take it as a bullish break-out signal and target Resistance 2 at 7.13900.
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USDDKK: Peak formed. Excellent sell opportunity.USDDKK is forming a Channel Down pattern after getting rejected on the HH trendline of the top of the long term Megaphone. This was enough to turn the 1D timeframe neutral (RSI = 51.567, MACD = 0.023, ADX = 24.458). This High is consistent with the two peak formations prior to that and the common characteristic is that all (including the current) have formed LH trendlines on their 1D RSI.
The 1D MA50 is the first line of support, but we target much lower (TP = 6.8000) as the decline range on those two bearish legs has been -4.90% to 5.60%.
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USDDKK. The end of the upside.YOY inflation for Denmark released at 0.90%!
What does this mean for the DKK... A possible rate cut. In other words, the potential end of the DDK selling.
its
We may now see USDDKK end its current uptrend. Price could become indecisive or even move off key resistance at 7.1000.
I can't wait to see what happens!
USDDKK Overbought and in need for a 1D MA50 correction.The USDDKK has been rising almost non-stop since mid-July and last week completed a Golden Cross on the 1D time-frame. On a 7-year span, every 1D Golden Cross pattern extended a long-term uptrend that was already underway. On the last 2 occasions in particular, the uptrend that started has been extremely strong but when the 1W RSI came close to the 70.00 overbought level (is 63.50 currently), it started a correction towards the 1D MA50 (blue trend-line).
We will sell when we see the first red 1D candle and target 7.0000 (close earlier if it hits the 1D MA50 first).
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USDDKK โ Bullish? Not really but watching โฆ 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 bullish strength before I commit to a trade. For this is I will be monitoring price action on 4 hour and even the 1 hour chart, looking for signs that the bulls are gaining control. These signs can come in the form of double bottom, hammer or an engulfing candle formation.
For now this is a counter trend idea, so even if a setup forms, I would recommend an initial half position size. If this works out as per my expectation, we should have a +2R trade, with a possible extension to 4R.
Always use sound money and risk management and stay patient in all your trades.
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