#JPM
The mirror level 111.45 restrains sellers. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss: 111.45.
Target levels: 123.00; 128.56.
The general trend is ascendant. The currency pair is traded between 365 and 135 moving averages. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The inclined channel of the descendant structure is breached.
Trading idea:
Buy when level 85.080 is breached.
Stop-loss: 84.270.
Target levels: 85.80; 86.50.
News of the day, Thursday, June 23
European stock futures slid today, with DAX futures down 0.3%, CAC 40 futures lower by 0.3%, and FTSE 100 futures by the same 0.3%.
The U.S. dollar edged higher today, with the Dollar index up 0.4%, EUR/USD down 0.2%, and GBP/USD down 0.4%. …
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