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DMartin-
Jun 8, 2020 11:52 AM

GBPDKK Short

British Pound / Danish KroneFOREX.com

Description

Good afternoon all,

One of my possible entries today on GBP/DKK.
1. Price has formed a rejection on the resistance line with a Divergence.
2. The 4H candle shows a bearish engulfing pattern
3. The market is in a range so could be traded in this tight consolidation

Please always carry out your own analysis and be sure of using proper risk management. This is not financial advice.
Comments
JMT_Forex
Looks like you entered a sell at the bottom support, sell high buy low & wait for the pullback :)!
AllisonCooke
Thanks for sharing
DGthetrader
Good analysis!
DMartin-
@DGthetrader, thanks!
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