The general trend is ascending. The descending pattern ended with the breach of pivot 2. The Awesome Oscillator indicator shows a bullish divergence. A breach of 167.00 will give the formation of an ascending wave structure.
Trading idea:
Buy on a breach of 167.00.
Stop Loss: 165.00.
Target levels: 168.90; …
The bulls tested the mirror level of 1.1576. The ascending wave structure ended with the breakdown of the inclined channel. The stochastic Oscillator indicator signals overbought conditions.
Trading idea:
Sell on the breach of 1.1441.
Stop Loss: 1.1576
Target levels: 1.1250; 1.0920.
The bulls tested the mirror level of 1.1576. The ascending wave structure ended with the breakdown of the inclined channel. Stochastic Oscillator indicator is signaling overbought.
Trading idea:
Sell on the breach of 1.1441.
Stop Loss: 1.1576
Target levels: 1.1250; 1.0920.
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