📈 GBPDKK Sideways Trading Strategy! 📉
Hello traders! 📊 Today, I'd like to present a compelling trading opportunity in the GBPDKK currency pair. The 1-hour chart indicates a sideways market, with no clear bearish or bullish trend. To make the most of this situation, I have devised two trade plans using buy stop and sell stop orders, targeting potential support and...
SERIES OF LLs AND LHs.
Price bouncing down after creating LH followed by Bearish Hammer.
One can expect short term SELL.
Protect the last LHand target the most recent LL.
After series of HHs and HLs the price action has formed new LL and LH.
Possible reversal. Therefore one can enter SELL with protection above the last LH and targeting the most recent LL.
