ProfessorCEWard

πŸ†• USDDKK: CURVE ANALYSIS (3W) πŸ†•

Short
OANDA:USDDKK   U.S. Dollar / Danish Krone
(DOWNTREND, BASED ON THE 3W CHART)

SLO2 @ 7.7108 ⏳
SLO1 @ 7.5331 ⏳
TP1 @ 7.1950 πŸ’°
SLO3 @ 7.0436 ⏳ (suggested by TEMASHA) πŸ‘ˆπŸ½
TP2 @ 6.9100 πŸ’° (New SSO add-on) πŸ‘ˆπŸ½
TP3 @ 6.7015 πŸ’°
TP4 @ 6.3782
BLO1 @ 6.3005 ⏳
BLO2 @ 6.1119 ⏳
-SL @ 6.0231 🚫 (aggressive)
-SL @ 5.9331 🚫 (moderate)
-SL @ 5.7777 🚫 (conservative)

ADDITIONAL INFO:
πŸ“ˆ If PA continues to pullback to the upside, we may get another opportunity to catch this SLO suggested by TEMASHA @ 7.0436

πŸ“‰ Now that PA has triggered our TP2, I'm going to use it as an opportunity to place an SSO add-on

πŸ”‘
-SL = STOP LOSS
BLO = BUY LIMIT ORDER
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT

This is a Long-Term Time Frame trade (1 week to 1 year):

β€” Shows the big picture, revealing major trends and economic factors.

β€” Less volatile, price movements are slower and smoother.

β€” Suitable for long-term trend trading and position trading.

β€” Requires less frequent monitoring but may offer fewer trading opportunities.
Comment:
Based on a Lower Time Frame 9H Chart

Professor C. E. Ward
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