10.04.2023
We observe the 'Pin Bar' reversal pattern with a false breach on the 1D timeframe. The major descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the formation of the ascending wave structure, where the wave (A) breaches the pivot 39.43
Stop-loss: 38.08
Target price levels: 41.87, 46.00
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