The general trend is descendant. The currency pair is traded between 365 and 135 moving averages. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence. The inclined channel of the ascendant truncated structure is breached.
Trading idea:
Sell when level 1.0513 is breached.
Stop-loss: 1.0546.
Target levels: 1.0445; …
The pound against the dollar continues to move sideways after rebounding from the resistance level of 1.2340, but in general, the bullish scenario remains the most likely for the upcoming period, provided that trading remains above the level of the moving average, which forms its first support levels at the …
#GLEN
The general trend is ascendant. The descendant truncated wave structure has finished breaching the inclined channel. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when level 4.8270 is breached.
Stop-loss: 4.5360.
Target levels: 5.1436; 5.4480.
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