The trend is ascending. The currency pair is trading in the 365 and 135 EMA range. The descending wave structure is truncated. The Awesome Oscillator indicator shows bullish divergence, and the Stochastic Oscillator indicator signals oversold.
Trading idea:
Buy on the formation of an ascending wave structure, where wave (A) …
The currency pair is in the 365 and 135 EMA range. Above the 135 EMA, a start fractal was formed. Breakdown of the start fractal will give the formation of an ascending wave structure within the general uptrend. Stochastic Oscillator indicator signals oversold.
Trading idea:
Buy on a breach of …
The currency pair is in the range of 365 and 135 EMAs directed downward. The ascending wave structure is truncated. Awesome Oscillator indicator shows bearish divergence, and Stochastic Oscillator signals overbought.
Trading idea:
Sell on the formation of a downward wave structure, where wave (A) breaks the inclined channel of the …
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