07.04.2022
The general trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The currency pair is traded between 365 and 135 moving averages.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss is over the local maximum of the ascendant structure.
Target levels: 12.2483; 12.1280.
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