USD/DKK Trading Analysis (09/12/2024)
The trend is down. The currency pair is trading between 365 and 135 EMAs. The upward wave structure is truncated. The Stochastic Oscillator signals an overbought condition.
Trading idea:
- Sell when the formation of the descending wave structure begins, when wave A breaks the sloping channel of the ascending truncated structure.
- Stop loss at 7.0800.
- Price targets at 7.0550 and 7.0395.
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