Text book bullish W-Bottom on weekly. Huge gains here.

USDDKK and a Weekly chart Double-bottom which has just passed through the neckline.

Look for a retrace back to neckline.

On USD strength at the moment, this is sure to climb during trading today and the next several weeks. Massive RR. Thx Chris.

Stupid-bloody software. Ignore the chart above. I tried to delete and overwrite but this damn software that some of us spend so much time is simply bs.



Here is a 5m chart showing the breakout and a retest back on the neckline which is the red-dotted line. It may conduct a retest again or look for a fib retracement or a good ol' market order at these low levels.



Be aware that Double bottom breakouts even over and beyond neckline, often retrace in a big way back underneath the neckline to push traders patience and take stops. Then price breaks out again.

I can't see the above happening because this is a weekly chart firstly, plus the USD is too strong in momentum currently.

Your're welcome:)