12.01.2022
The general trend is ascending. Currency pair fluctuates within 365 and 135 moving averages. The descending wave structures are truncated. Awesome Oscillator indicates bullish divergence and Stochastic Oscillator shows oversold conditions.
Trading idea: buy on initialization of ascending wave pattern where a wave (A) surpasses 1 .7151 level (pivot 2 wave C).
Stop Loss as a descending wave structure’s local minimum.
Target levels: 1.7220 and 1.7300.
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