New bullish leg initiated. Long.

USDDKK has preserved the long term Channel Up on 1W (RSI = 69.995, MACD = 0.069, Highs/Lows = 0.1019, B/BP = 0.3423) as it broke the previous consolidation on 1D to the upside. As you see on the chart there are recurring patterns on 1D (Channel Up after Rectangle) so the pair will now most likely print a Channel Up (RSI = 67.432, ADX = 34.541) on 1D towards the next Monthly Resistace = 6.69018. Our long's TP is 6.67021.
Chart PatternsCurrenciescurrencydanishkronedkkdollarForexTechnical IndicatorsTrend AnalysisUSDUSDDKKDJ FXCM Index

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