The bears are testing the level of 103.34 and forming a "triple bottom" figure. The downward wave structures are truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
The trend is downward. The upward wave structure has been truncated. There is bearish divergence on the Awesome Oscillator and an overbought condition on the Stochastic Oscillator.
Trade idea:
The trend is up. The forex pair is trading within a range of 365 and 135 EMAs. The descending wave structures are truncated. The inner 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 …
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