The pound sterling against the dollar is settling in a bearish movement, after it managed to breach the support level 1.3127, and reached the next target 1.3070, where trading settled near it. Therefore, the opportunity exists for the continuation of the descending path towards the next support 1.3000, as the …
#DHR
An intersection of 365 and 135 moving averages took place, which signals the possible change from the ascendant path to the descendant. The ascendant wave structure is truncated at the moment. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator shows overbought conditions.
Trading idea:
Sell when the descendant wave …
The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The currency pair is traded in the lower border of the ascendant price channel span.
Trading idea:
Buy when the ascendant wave structure forms, where …
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