An H2 level ascending pattern is truncated. The currency pair is trading in the range of 365 and 135 moving averages. A bullish divergence has formed on Awesome Oscillator, while Stochastic Oscillator signals an overbought condition.
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Trading recommendations:
Sell …
The pair found support at 104.65, forming a “rising flag” (trend continuation pattern). If the market mood changes after yesterday’s sell-off, the pair may turn up, while remaining within this pattern.
Technical side:
The price is above the middle Bollinger band, at the level of SMA 5 and SMA …
The company’s shares are trading at the March lows, and at the base of the May 2019 upward movement. At the same time, gas prices continue to grow, a record-breaking rise of over 10% was recorded yesterday.
A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals …
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