EUR/GBP Trading Analysis (15/08/2023)

The trend is ascending. The Forex pair is traded in the range of the rounded secondary level of 0.8580. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the formation of the upward wave structure, where the A wave breaches the sloping channel of the downward structure.

Stop-Loss: 0.8580.

Target price level: 0.8632, 0.8665.

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