EUR/GBP Trading Analysis (28/08/2023)

The trend is descending. The currency pair is traded in the range between 365 and 135 ЕМА. The uptrend wave structures are truncated. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
 

Trading idea:

Sell at the formation of the downtrend wave structure, when the A-wave breaches the sloping channel of the ascending truncated structure.

Stop-Loss: 0.8586.

Target price levels: 0.8538, 0.8500.

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