The general trend is descending. The ascending wave structures are truncated. Awesome Oscillator indicator shows bearish divergence, and Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on the formation of a descending wave structure, where wave (A) breaches the 2 wave C pivot (0.98240).
Stop Loss: 0.9900.
Target levels: 0.9754; …
The general trend is ascending. The descending truncated wave structure ended with the breach of the inclined channel. The currency pair is trading in the 365 and 135 EMA range. The Awesome Oscillator indicator shows a bullish divergence, and the Stochastic Oscillator moving indicators have exited the oversold zone.
Trading …
The general trend is descending. The ascending wave structure is truncated at the moment. The Awesome Oscillator indicator has a bearish divergence, and the Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on the formation of a descending wave structure, where wave (A) breaks the inclined channel of the ascending …
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