The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The downward wave structure finished with the breach of the sloping channel. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the breach …
The uptrend truncated wave structure finished with the breach of the sloping channel. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state. The breach of 16.19 level will launch the formation of the downtrend wave structure.
Trading idea:
Buy at the breach of 16.19.
Stop-Loss: …
The trend is ascending. The downward truncated wave structure finished with the breach of the sloping channel. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state. The price is fluctuating between 365 and 135 ЕМА on the H1 timeframe.
Trading idea:
Buy at the …
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