GBP/USD Trading Analysis (22/01/2024)
The trend is descending. The currency pair is traded in the range between 365 and 135 ЕМА. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The uprise wave structure is truncated.
Trading idea:
Sell at the formation of the descending wave structure, when the A-wave …