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GBP/DKK currency pair analysis

25.02.2022

Market Review

The ascendant wave structure is truncated. The Pin bar has formed on a timeframe D1. Awesome Oscillator indicates bearish divergence, and moving levels of Stochastic Oscillator are downbound from an overbought area. The inclined channel of the ascendant truncated structure is breached.

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Trade idea:

Sell when 8.88050 is breached.

Stop-loss — 8.9550.

Target levels: 8.8120; 8.7850.

Author: GC
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