The trend is descending. The currency pair is traded in the range between 365 and 135 EMA, heading down. The upward truncated wave structure finished with the breach of the sloping channel. There is bearish divergence on the Awesome Oscillator.
Trading idea:
Sell at 1.1136.
Stop-Loss at 1.1176.
Target price …
The trend is ascending. The stock is traded in the range between 365 and 135 EMA. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the formation of the upward wave structure, where …
The currency pair is traded in the range between 365 and 135 EMA, heading down. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state. The entry point at the pullback B is forming.
Trading idea:
Sell at the formation of the descending wave …
Don't have your language?
