The trend is descending. The currency pair is trading within the 365 and 135 moving averages (EMA) range. A breach of 1.1150 will give rise to the formation of a downward wave pattern within wave (C) of the main descending pattern.
Trading idea:
Sell on a breakout of 1.1150.
Stop …
The trend is descending. The ascending wave structure is truncated. Awesome Oscillator indicator shows bearish divergence, and 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 truncated structure.
Stop Loss: 1.1350.
Target levels: …
The trend is descending. The currency pair is trading between 365 and 135 moving averages. The ascending wave structure is truncated. Awesome Oscillator shows bearish divergence, and Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on the formation of a downward wave structure where wave (A) breaks the inclined channel …
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