14.03.2022
The general trend is ascendant. The descendant wave structure is truncated. The currency pair is fluctuating between 365 and 135 moving averages. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trade idea:
Buy when the ascendant wave structure forms, where a wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss is below the local minimum of the descendant truncated structure.
Target levels: 0.7430; 0.7476.
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