The general trend is descending. The ascending wave structure is truncated at the moment. The Awesome Oscillator indicator has a bearish divergence, and the Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on the formation of a descending wave structure, where wave (A) breaks the inclined channel of the ascending …
The trend is descending. The currency pair is trading in the range of the upper border of the descending price channel and the 200 moving average. The Awesome Oscillator indicator shows bearish divergence, and the Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on the formation of a descending wave …
The trend is ascending. The descending wave structures are truncated. The internal descending truncated structure ended with a breach of the inclined channel. The bears have tested the upper boundary of the Ichimoku cloud. The Awesome Oscillator indicator shows bullish divergence, and the Stochastic Oscillator indicator signals oversold.
Trading idea: …
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