EUR/USD Trading Analysis (10/04/2024)

The trend is descending. The uptrend wave structure is truncated, while the Awesome Oscillator shows the bearish divergence. The entry point at the truncated C is forming.

Trading idea:

Sell when the formation of the descending wave structure begins, when the wave A breaches the sloping channel of the ascending truncated structure.

Stop-Loss at 1.0885.

Target price levels at 1.0800 and 1.0730.

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