GBP/USD Trading Analysis (05/12/2024)
The trend is down. The currency pair is trading in the range between 365 and 135 ЕМАs. The ascending wave structure is truncated . There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trade idea:
- Sell at the beginning of the formation of the descending …