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 …
#BRN
OPEC+ countries decided to cut oil production by 100 thousand barrels per day — this news can support the price of black gold.
Downward wave structures are truncated. The Awesome Oscillator indicator shows a bullish divergence, while the Stochastic Oscillator signals oversold.
Trade idea:
Buy on the formation of …
#MT
One of the world's largest steel producers, ArcelorMittal SA, intends to close two plants in Germany due to a sharp rise in electricity costs.
The trend is downward. On the H4 timeframe chart, an "inside bar" reversal pattern has been formed. Awesome Oscillator indicator shows bearish divergence.
Trading idea: …
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