Replies to post #120496 on Simple's Green Room

[pennies2007]

Not sure just yet Qui. Most of these pairs have a very strong tendency to hit the 88.6 dead on so for now I'm planning on being out of the USD DKK long at 5.64. There's still room inside the overall wedge pattern for one more trip to the downside there with a corresponding final move up on EU. I'll post a 4 hour chart on USD DKK here shortly to show you what I'm looking for overall based on the TDI pattern.

[pennies2007]

USD/DKK 4 Hour Chart

Here's the pattern I'm waiting on Qui. Once we break out, we need to see a solid retest of the TDI trendline along with a 4 hour reversal candle AND the TDI to start curling back up after the 4 hour candle closes. That will produce the best possible long entry.

I got in way too early on this one so I'm still gonna bail early at the top trend line in the 5.64 area and wait for the TDI retest to enter again.