๐ USDDKK: CURVE ANALYSIS ๐
(Based on the 18H Chart)
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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
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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
Professor C. E. Ward
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