The pound sterling against the dollar continues its low movement with the opening of the week's trading. This is after the strong decline that we witnessed with the closing of last week's trading, where the price breached the main support level 1.2990 and fell strongly to the target 1.2850.
The …
#LHA
The trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss: 7.670.
Target levels: 6.664; …
The general trend is ascendant. The descendant wave structures of H1 and H4 levels are truncated. Gold is traded between 365 and 135 moving averages. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches …
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