#MCD
The ascending internal truncated wave structure has ended with a breach of the inclined channel. The Awesome Oscillator indicator shows bearish divergence, and the Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on a breakout of 257.46.
Stop Loss: 261.08.
Target levels: 253.50; 252.55.
A resistance level of 166.28 held the buyers back. The ascending truncated wave structure has ended with the breach of the inclined channel. The Awesome Oscillator indicator shows bearish divergence, and the Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on a breakout of 165.13.
Stop Loss over resistance level: …
The general trend is downtrending. The ascending wave structure is truncated. The currency pair is trading in the range of 365 and 135 moving averages. The Awesome Oscillator indicator has bearish divergence.
Trading idea:
Sell on the formation of a downward wave structure, where wave (A) pierces the 2 wave …
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