10.10.2022
The trend is ascending. The currency pair trades in the 365 and 135 EMA range on the H1. The descending wave structure is truncated. The Awesome Oscillator indicator shows bullish divergence, and the Stochastic Oscillator indicator signals oversold.
Trading idea:
Buy on the formation of an ascending wave structure, where wave (A) breaks the inclined channel of the descending truncated structure.
Stop Loss under the local minimum of the downward structure.
Target levels: 0.9738; 0.97970.
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