12.05.2023
The support level of 0.9019 curbs the buyers. The currency pair is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator.
Trading idea:
Buy at the formation of the ascending wave structure, when the (A) wave breaches the sloping channel of the descending truncated structure
Stop-Loss: 0.9019
Target price levels: 0.9070, 0.9100
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