27.12.2022
#BIIB
The trend is, in general, ascending. The Forex pair is traded in the range between 365 and 135 ЕМА. The descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold status.
Trading idea:
Buy at the formation of the ascending wave structure, when wave (A) breaches the sloping channel of the descending truncated structure
Stop-Loss - any under the local minimum of the descending structure (276.00)
Target price levels: 294.00; 305.00
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