The trend is descending. The uptrend wave structures are truncated. The currency pair is traded in the range between 365 and 135 ЕМА. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Sell at the formation of the descending wave structure, when …
The trend is ascending. The downward wave structure is truncated. The stock is traded in the range between 365 and 135 ЕМА. There is bullish divergence on the Awesome Oscillator and on the Stochastic Oscillator, and Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the formation of the ascending wave structure, …
The trend is ascending. The downward truncated wave structure finished with the breach of the sloping channel. The currency pair is traded in the range between 365 and 135 ЕМА. There is a bullish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator are out of the oversold zone. …
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