31.01.2023
The trend is ascending. Downward wave structures are 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 ascending wave structure;
Stop-loss: under the local minimum of the descending structure (1.0836);
Target price levels: 1.0887, 1.0928;
The trading strategy: along with the current ascending trend.
The overall trend is ascending. The pair is traded in the range between 365 and 135 ЕМА. 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 ascending wave structure, when the (A) wave breaches the sloping channel of the descending truncated structure;
Stop-loss: under the local minimum of the descending structure (1.2330);
Target price levels: 1.2390, 1.2418;
The trading strategy: along with the current ascending trend.
The overall trend is ascending. The pair is traded in the range between 365 and 135 ЕМА. 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 ascending wave structure, when the (A) wave breaches the sloping channel of the descending truncated structure;
Stop-loss: under the local minimum of the descending structure;
Target price levels: 1940.00; 1948.80;
The trading strategy: along with the current ascending trend.
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