11.02.2022
Bulls have tested the upper border of the descendant price channel on a daily timeframe. The ascendant structures of D1 and H4 levels are truncated at the moment. Awesome Oscillator indicates bearish divergence and Stochastic Oscillator signals overbought conditions.
Trade idea:
Sell when the descendant wave structure forms, where a wave (A) breaches through the inclined channel of the inside truncated structure of H4 level.
Stop-loss beyond the local maximum.
Target levels: 1.2416; 1.2300.
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