The downward wave structures are truncated, the formation of the reverse wave model 'Boguraev's Matryoshka' is probable. 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 trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The uptrend truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on …
The trend is ascending. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and bullish divergence on the Stochastic Oscillator.
Trading idea:
Buy at the formation of the uptrend wave structure, where the (A) wave breaches the sloping channel of the …
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