05.06.2023
The trend is ascending. The Forex pair is traded in the range between 365 and 135 ЕМА. The descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the formation of the uptrend wave structure, where the A wave breaches the sloping channel of the downtrend truncated structure.
Stop-Loss: under the local minimum of the downtrend structure.
Target level: 2.0650, 2.0720.
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