25.01.2021
GBPAUD
The overall trend is downward. Ascending pattern of the H12 and H4 levels are truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions.
GBPAUD rate online: monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated pattern of the H4 level.
Stop Loss: 1.7750.
Target levels: 1.7600; 1.7450.
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