The pair sterling against the dollar continues its bearish movement after it reached the target 1.3000, where trading settled near it. Therefore, the opportunity exists for the continuation of the descending path towards the next support 1.2950, as the price's success in stabilizing below the 1.3060 level increases the opportunity …
#FRE
The ascendant wave structure is truncated. The share is traded between 365 and 135 downbound moving averages. Awesome Oscillator indicates bearish divergence. The round secondary level 35.20 deterred buyers. The breaching of the round intermediate level 33.50 will cause the descendant wave structure to form.
Trading idea:
Sell when …
The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence. A double-bottom candlestick pattern formed.
Trading idea:
Buy when the 10.3533 level is breached.
Stop-loss: 10.2520.
Target levels: 10.4680; 10.8800.
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