28.03.2023
Bears are testing the support level of 0.8772 again. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the formation of the upward wave structure, where the (A) wave breaches the sloping channel of the descending truncated structure;
Stop-loss: 0.8772;
Target price levels: 0.8807, 0.8860.
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