17.10.2022
The trend is descending. The currency pair is trading within the 365 and 135 moving averages (EMA) range. A breach of 1.1150 will give rise to the formation of a downward wave pattern within wave (C) of the main descending pattern.
Trading idea:
Sell on a breakout of 1.1150.
Stop Loss: 1.1384.
Target levels: 1.0934; 1.0723.
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