The movement of the pound sterling against the dollar continues to decline, as it opened the week’s trading below the support level 1.3127, therefore, there is an opportunity to continue the descending path towards the next support 1.3000, as the price’s success in stabilizing below the 1.3180 level increases the …
#BA
The general trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish, and Stochastic Oscillator signals overbought conditions. The share is traded between 365 and 135 moving averages and upper border of the descendant price channel. The inclined channel of the ascendant truncated structure is breached. …
The 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 truncated structure is breached.
Trading idea:
Buy when the level 0.8435 is breached.
Stop-loss: 0.8407. …
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