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 …
The trend is upward. The currency pair trades in the 365 and 135 EMA range on the H1. The downward five-wave structure is truncated. The Awesome Oscillator indicator shows bullish divergence, and the Stochastic Oscillator indicator signals oversold.
Trading idea:
Buy on the formation of an ascending wave structure, where …
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