14.10.2021
The overall trend is downward. The ascending wave pattern is truncated. The Awesome Oscillator shows a bearish divergence, while the Stochastic Oscillator signals overbought conditions.
GBPUSD rate online: monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the truncated ascending pattern.
Stop Loss: above the local maximum of the ascending pattern.
Target levels: 1.3544; 1.3420.
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