Bears are testing the lower border of the accumulation area on the 1D timeframe. The 'Boguraev's Matryoshka' reverse wave model has formed. The downward truncated wave structure finished with the breach of the sloping channel. There is …
We observe the 'Pin Bar' reversal pattern with a false breach on the 1D timeframe. The major descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the formation of the ascending wave …
Analytics for NZD/USD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
The trend is descending. The currency pair is traded in the range between 365 and 135 ЕМА. The ascending wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator …
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