A triple top pattern has formed on the H4 timeframe. The ascending wave structure is truncated. Awesome Oscillator indicator shows bearish divergence.
Trading idea:
Sell on the breakout of 142.46.
Stop Loss: 143.39.
Target levels: 141.50; 140.54.
The NZD index tested the support level of 60.58, and the dollar index tested the level of 109.80, which was formed exactly 20 years ago — September 2, 2002.
The currency pair's descending wave structures are truncated. The Awesome Oscillator indicator has a bullish divergence, and the Stochastic Oscillator indicator signals …
The currency pair is trading below the Ichimoku cloud, indicating a downtrend. The ascending wave structures are truncated. The inclined channel of the internal truncated structure has been broken. The Awesome Oscillator indicator has a bearish divergence, and the Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on a breakout …
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