16.03.2022
The general trend is descendant. The currency pair fluctuates between 365 and 135 moving averages. The ascendant structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trade idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss is beyond the local maximum of the ascendant structure.
Target levels: 1.0185; 0.9980.
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