GBP/DKK Trading Analysis (30/08/2023)

The trend is ascending. The downwards wave structures are truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the formation of the uptrend wave structure, when the A-wave breaches 8.6677 (pivot 2 if the wave С) of the descending truncated structure.

Stop-Loss: 8.6540.

Target price levels: 8.6980, 8.7650.

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