The trend is ascending. The currency pair is trading within the 365-135 EMA range. The downward truncated wave structure ended with the breach of the sloping channel. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator indicates an oversold condition.
Trade idea:
The trend is ascending. The currency pair is trading within the 365-135 EMA range. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator and the Stochastic Oscillator indicates an oversold state.
Trade idea:
The trend is up. The forex pair is trading within the 365- and 135-EMA range. The descending wave structure is truncated. The stochastic oscillator indicates an oversold condition. An entry point is forming under the truncated C.
Trade idea:
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