The USDDKK chart is now at support and testing it on the Daily chart. This level also happens to be a 50 FIB level as well. Going down to the 1 hour chart we see a bullish pin bar formed at this level. I will be going long and I will be targeting previous resistance as my take profit.
Note
Closing this trade out. Seeing weakness in the Dollar. Might still go up more but don't want to be greedy and especially with the Thanksgiving coming up I'll be getting ready for next week instead.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.