06.10.2021
The overall trend is downward. The ascending wave pattern of the H2 level is truncated. The Awesome Oscillator shows a Bearish divergence, while the Stochastic Oscillator signals overbought conditions.
AUDUSD rate online: monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed, where the wave (B) breaks through the inclined channel of the internal descending pattern, forming an increase in the wave level of the downward pattern.
Stop Loss: 0.7304.
Target levels: 0.7180; 0.7150.
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