08.11.2023
The entry point at the pullback B is forming. The ascending wave structure is truncated. Bulls tested the upper border of the ascending price channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
Trading analysis:
Sell at the formation of the descending wave structure, when the A-wave breaches the sloping channel of the ascending wave structure.
Stop-Loss under the local maximum of the ascending structure.
Target price levels: 0.86777, 0.8650.
#eurgbp #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
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