01.09.2022
The currency pair is trading below the Ichimoku cloud, indicating a downtrend. The ascending wave structures are truncated. The inclined channel of the internal truncated structure has been broken. The Awesome Oscillator indicator has a bearish divergence, and the Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on a breakout of 0.7430.
Stop-loss: 0.7484.
Target levels: 0.7380; 0.7320.
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