28.07.2022
The general trend is upward. The currency pair trades in the range of the lower border of the ascending price channel. The descending wave structure of the H2 level is truncated. The Awesome Oscillator indicator has a bullish divergence, and the Stochastic Oscillator is signaling oversold.
Trading idea:
Buy on the formation of an ascending wave structure, where wave (A) breaks the sloping channel of the descending truncated structure.
Stop-loss under the local minimum of the descending structure.
Target levels: 17.1700; 17.5800.
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