The descending wave patterns are truncated. There is a bullish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator are out of the oversold conditions zone. The inclined channel of the internal truncated pattern is breached.
Trading idea:
Buy when the bullish candlestick (timeframe M30) closes …
#ORA
The trend is descending. The resistance level of 9.865 holds the buyers. The ascending wave pattern is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought conditions.
Trading idea:
Sell when the descending wave pattern is formed, where wave A breaches …
The currency pair trades in the lower bound range of the ascending price channel. There is a bullish divergence on the Awesome Oscillator. An entry point is forming with the B wave bounce.
Trading idea:
Buy when 93.99 is breached.
Stop Loss: 93.14.
Target levels: 94.64; 95.43.
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