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EUR/USD analysis, trading idea, and chart

24.10.2022

Market Review

The general trend is descending. The ascending wave structures are truncated. Awesome Oscillator indicator shows bearish divergence, and Stochastic Oscillator indicator signals overbought. 

Trading idea:

Sell on the formation of a descending wave structure, where wave (A) breaches the 2 wave C pivot (0.98240).

Stop Loss: 0.9900.

Target levels: 0.9754; 0.9680.

Author: GC
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