The trend is descending. The currency pair is trading in the range of the upper border of the descending price channel and the 200 moving average. The Awesome Oscillator indicator shows bearish divergence, and the Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on the formation of a descending wave …
The trend is ascending. The descending wave structures are truncated. The internal descending truncated structure ended with a breach of the inclined channel. The bears have tested the upper boundary of the Ichimoku cloud. The Awesome Oscillator indicator shows bullish divergence, and the Stochastic Oscillator indicator signals oversold.
Trading idea: …
The trend is descending. The currency pair is trading within the 365 and 135 moving averages (EMA) range. A breach of 1.1150 will give rise to the formation of a downward wave pattern within wave (C) of the main descending pattern.
Trading idea:
Sell on a breakout of 1.1150.
Stop …
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