The ascending wave structure is truncated. The Awesome Oscillator indicates bearish divergence, and the Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on the formation of a downward wave structure, where wave (A) breaks the inclined channel of the upward truncated structure.
Stop-loss at the local maximum of the ascending …
Gold tested the resistance level 1779.40, as trading settled below it.
Stochastic is giving a positive signal that may push the price to test the level of the 20 and 50 moving averages.
In general, we will continue to suggest the bearish path as long as the price continues to …
The pound against the dollar bounced upwards, and reached the resistance 1.2125 at the EMA50 level, as well as the lower line of the ascending channel that appears in the chart.
We are likely to see a return to the bearish path as a result of the price reaching the …
Don't have your language?
