01.04.2022
The overall trend is ascendant. The pair trades in the range of 365 and 135 MO testing the 365 EMA. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signal the oversold conditions.
Trading idea:
Buy when the ascendant wave pattern is formed, where the wave (A) breaches the inclined channel of the descending structure.
Stop-loss is below the local minimum of the descending structure.
Target levels: 0.6997; 0.7050.
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