The general trend is downside. The Forex pair is traded in the range between 365 and 135 ЕМА. The resistance level of 0.9751 curbs the buyers. The ascending wave structure finished with the breach of the …
The triple truncated structure is forming (the reverse wave model 'Boguraev's Matryoshka'). 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 structure, where the wave (A) …
The general trend is ascending. The descending wave structures are truncated. There is a bullish divergence on the Awesome Oscillator.
Trading idea:
Buy at the formation of the ascending wave structure, when the (A) …
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