The trend is ascending. The formation of the downward truncated wave structure finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
Trading idea:
Buy at the breach of 1.2650.
Stop-Loss at 1.2620.
Target price levels …
The formation of the downward truncated wave structure finished with the breach of the sloping channel. There is bullish divergence on the Awesome Oscillator. The breach of 0.7415 will begin the formation of the ascending wave structure.
Trading idea:
Buy at the breach of 0.7415.
Stop-Loss at 0.7026.
Target price levels at 0.7800 …
The trend is descending. The ascending truncated wave structure develops within the interval between 365 and 135 ЕМА. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
Trading analysis:
Sell at the formation of the downward wave structure, when the wave A breaches the sloping channel …
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