11.10.2023
The trend is descending. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
Trading idea:
Sell at the formation of the downward wave structure, when the A wave breaches the sloping channel of the uptrend truncated structure.
Stop-Loss: over the local maximum of the ascending structure.
Target price levels: 181.26, 179.62.
#gbpjpy #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
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