The GBP/USD pair started a bullish rebound movement to the upside in an attempt to end the down trend. Then, prices rebounded from the support 1.3090 and reached the resistance level 1.3180. And that is after the price managed to breach the level of the moving averages 20-7, while the …
#IBE
The ascendant wave structure is truncated. Moving averages 365 and 135 signal descendant movement. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator shows overbought conditions.
Trade idea:
Sell when the descendant wave structure forms, where a wave (A) breaches the inclined channel of the ascendant truncated structure.
Stop-loss beyond …
The ascendant wave structure is truncated. The currency pair fluctuates between 365 and 135 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 …
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