AUDUSD analysis 18.06.2020
The support level at 0,6834 holds back sellers. Descending truncated pattern of the М30 level has been formed. Awesome Oscillator indicates Bullish divergence, and Stochastic Oscillator shows crossover of moving averages in the range of oversoldness.
Trading recommendations:
Buy while an ascending wave pattern is forming, where the wave (aC) breaks through the inclined channel of the M30 descending truncated pattern.
Stop loss: 0.6834.
Target levels: 0.6976 (expert trap); 0.7051 (level 138.2%F. from alleged А Н1).
