- May 16, 2022
- Posted by: Tradingshot Articles
- Category: Forex
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The USDDKK pair has been trading within a Channel Up for more than 1 year. The recent 1D RSI sequence points to a medium-term top. Long-term buyers can either enter on the 1D MA50 (blue trend-line) on a tight stop loss and if triggered wait for the final buy on the 1D MA200 (orange trend-line), which buy the time will be on the Higher Lows (bottom) of the Channel Up.
Tradingview link:
https://www.tradingview.com/chart/USDDKK/9GSC199H-USDDKK-Two-spots-for-a-comfortable-long-term-buy