22.11.2021
The overall trend is downward (time frame H4). The ascending wave pattern of the H1 level is truncated. A bearish divergence has formed on the Awesome Oscillator, while Stochastic Oscillator signals overbought conditions. The inclined channel of the truncated ascending pattern is broken.
GBP/AUD rate online: monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed.
Stop Loss: above the resistance level of 1.8600.
Target levels: 1.8428; 1.8220.
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