News of the day, Wednesday, May 18
Iran: sanctions over Russian crude export opened the market for Iranian oil.
Goldman Sachs has lowered the Chinese 2022 GDP prognosis from 4.5% to 4%.
Finland’s Rehn suggests ECB will increase the interest rate in the summer.
Billy Markus, a Dogecoin co-founder: 95% …
The general trend is descendant. The currency pair is trading between 365 and 135 moving averages. The ascendant wave structure of the M30 level is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The pivot 2 of wave C is breached.
Trading idea:
Sell when the …
#BAC
The trend is ascendant. The descendant wave structure of the H4 level is truncated. The mirror level of 34.26 restrained sellers. 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 through the inclined …
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