The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The downtrend truncated wave structure finished with the breach of the pivot.
Trading idea:
Buy at the breach of 1.6893.
Stop-Loss: 1.6841.
Target price levels: 1.6950, 1.69777.
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#D
The trend is descending. The stock is traded in the range between 65 and 135 ЕМА. The uptrend wave structure is truncated. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
Trading idea:
Sell at the formation of the downward wave structure, …
Bulls have tested the upper border of the downward price channel and the mirror level of 1.7631. The uptrend wave structure is truncated. The bear divergence is forming on the Awesome Oscillator.
Trading idea:
Sell at the formation of the descending wave structure, where the A-wave breaches the sloping channel …
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