USDDKK 15 Minute TF
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It is a in a slow uptrend and has been consolidating at the bottom since some time now,
A Reversal should be seen now, with a breakout of the 200 day MA,
A BULLISH RSI Divergence can also be seen!
A SL at the previous can be set, with the TGT as the top of the trendline, and exit if...
While the price is above the support 6.04400, beginning of uptrend is expected.
We make sure when the resistance at 6.09700 breaks.
If the support at 6.04400 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against...