The currency pair is trading in the range of the round important level 0.6100. The ascending patterns of H8 and H4 are truncated. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. The correction of the price below the round secondary level of 0.6080 will …
The overall trend is downward. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. A breakout of 574.50 will result in the formation of a 1-2-3 descending pattern within the overall downtrend.
Trading recommendations:
Sell below 574.50.
Stop loss: 622.90.
Target levels: 534.00; 477.00.
The stock is trading in the range of 365 and 150 moving averages. The resistance level of 79.00 holds back the bulls. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness.
Trading recommendations:
Sell while the descending pattern is forming, where wave (A) breaks through …
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