06.05.2024
The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The downward inner truncated wave structure finished. There is a bullish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator are out of the oversold state.
Trading idea:
Buy when the formation of the ascending wave structure begins.
Stop-Loss at 191.33.
Target price levels at 195.73 and 197.40.
#gbpjpy #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
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