The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. There is a bullish divergence on the Awesome Oscillator. The downtrend wave structure is truncated.
Trading idea:
Buy when the formation of the uptrend wave structure begins, when the wave A breaches the sloping channel of …
Bears have tested the support zone at 76.70. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy when the formation of the ascending wave structure begins, when the A-wave breaches the sloping channel of the downward structure.
Stop-Loss at 76.70.
Target price …
The trend is descending. 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. The uprise wave structure is truncated.
Trading idea:
Sell at the formation of the descending wave structure, when the A-wave …
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