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GBP/JPY Trading Analysis (29/08/2024)

The trend is descending. The bulls are testing the important rounded level of 192.000. The ascending truncated wave structure finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator.

Trading idea:

  • Sell at the breach of 190.24.
  • Stop-loss at 192.00.
  • Price targets at 188.50 and 185.00.       …
Bank of America Trading Analysis (28/08/2024)

The overall trend is descending. The stock is trading in the range between 365 and 135 ЕМА on the H1 timeframe. The ascending wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold condition.

Trading idea:

  • Sell when the formation of the …
NZD/JPY Trading Analysis (28/08/2024)

The trend is descending. The bulls are climbing to 200 EMA on the H4 timeframe. The ascending wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.

Trading idea:

  • Sell when the formation of the downward wave structure, when the wave …
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