There is nothing new about the movement of the GBP/USD pair, which continues to move lower within the channel that appears in the chart after it breached the support level 1.3090 and settled below it. Therefore, the opportunity is available to complete the descending path and reach the lower limit …
#AIR
The share fluctuates between 365 and 135 downbound moving averages. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trade idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant structure.
Stop-loss is beyond the local maximum …
The general trend is descendant. The currency pair fluctuates between 365 and 135 moving averages. The inner ascendant structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trade idea:
Sell when the descendant wave structure forms, where a wave (A) breaches through …
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