Text book bullish W-Bottom on weekly. Huge gains here.
USDDKK and a Weekly chart Double-bottom which has just passed through the neckline.
Look for a retrace back to neckline.
On USD strength at the moment, this is sure to climb during trading today and the next several weeks. Massive RR. Thx Chris.
Stupid-bloody software. Ignore the chart above. I tried to delete and overwrite but this damn software that some of us spend so much time is simply bs.
Here is a 5m chart showing the breakout and a retest back on the neckline which is the red-dotted line. It may conduct a retest again or look for a fib retracement or a good ol' market order at these low levels.
Be aware that Double bottom breakouts even over and beyond neckline, often retrace in a big way back underneath the neckline to push traders patience and take stops. Then price breaks out again.
I can't see the above happening because this is a weekly chart firstly, plus the USD is too strong in momentum currently.
Your're welcome:)
