29.09.2021
The descending wave patterns are truncated. A bullish divergence has formed on the Awesome Oscillator, and Stochastic Oscillator signals oversold conditions. The pivot of the second descending pattern of the H8 level is broken by a descending movement.
AUDUSD rate online: monitor the price movement in real time.
Trading idea:
Buy when an ascending wave pattern is formed.
Stop Loss under the local minimum of the descending pattern (0.7220).
Target levels: 0.7346; 0.7463.
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