The trend is descending. The upward wave structures are truncated. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state. Bulls tested the mirror level of 42.10.
Trading idea:
Sell at the formation of the downtrend wave structure, when the A-wave breaches the sloping …
The trend is ascending. The downtrend five-waves structure is truncated. There is a bullish divergence on the Awesome Oscillator. The Pivot 2 of the wave 5 is truncated with the ascending movement.
Trading idea:
Buy at the breach of 20.2920.
Stop-Loss 20.1890.
Target price levels: 20.4520, 20.6730.
#eurzar #forex #forextrading #tradersroom …
The overall trend is ascending. The stock is traded near the support level of 101.50. The descending wave structure is truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the formation of the upward wave structure, when the A-wave breaches …
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