EUR/HKD Trading Analysis (13/06/2023)

The trend is descending. The currency pair is traded in the range between 365 and 135 ЕМА. The ascending wave structures are truncated. There is a bearish divergence on the Awesome Oscillator.
 

Trading idea:

Sell at the formation of the descending wave structure, where the A wave breaches the sloping channel of the upward truncated structure.

Stop-Loss under the local minimum of the upward structure.

Target price levels: 8.3856, 8.3650.

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