📈 Weekly Overview
USDDKK shows bullish reaction from a key weekly support zone, in line with EURUSD rejecting resistance. Since USDDKK typically moves inversely to EURUSD, this setup aligns well for a long opportunity.
📆 Daily Chart
Yesterday formed a bullish pin bar after a period of consolidation, indicating potential strength building from the daily support zone. Momentum is picking up slowly.
⏱ 4H Chart
Price is holding above the 50EMA and just broke above recent consolidation range. Price action is clean with a clear structure shift to the upside. EMA confluence supports bullish bias.
🧭 Plan
Bias: Bullish
Entry: Wait for retracement to 4H discounted zone and bullish PA confirmation
Targets: TP1 - recent swing high, TP2 - next key resistance on daily
Invalidation: Break below 4H structure and EMA50
USDDKK shows bullish reaction from a key weekly support zone, in line with EURUSD rejecting resistance. Since USDDKK typically moves inversely to EURUSD, this setup aligns well for a long opportunity.
📆 Daily Chart
Yesterday formed a bullish pin bar after a period of consolidation, indicating potential strength building from the daily support zone. Momentum is picking up slowly.
⏱ 4H Chart
Price is holding above the 50EMA and just broke above recent consolidation range. Price action is clean with a clear structure shift to the upside. EMA confluence supports bullish bias.
🧭 Plan
Bias: Bullish
Entry: Wait for retracement to 4H discounted zone and bullish PA confirmation
Targets: TP1 - recent swing high, TP2 - next key resistance on daily
Invalidation: Break below 4H structure and EMA50
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.