The GBPUSD pair failed to maintain the bullish rebound movement that occurred yesterday under the influence of the US Federal Reserve interest rate decision. Rebound down to the 1.2500 support level and return to the sideways track around the previous support is expected.
The downside movement comes under the influence …
#EMN
The general trend is descendant. The share is traded between 365 and 135 moving averages. Stochastic Oscillator signals overbought conditions. The resistance level 108.35 restrains buyers. The ascendant wave structure is the wave (B) of the descendant structure of the large wave level.
Trading idea:
Sell when the descendant …
The general trend is ascendant. The trend continuation figure “flag” has formed. Awesome Oscillator indicates bullish divergence. The upper border of the pattern is breached.
Trading idea:
Buy when the ascendant pattern ABC is formed — when the 163.58 is breached.
Stop-loss: 161.75.
Target level: 167.80 (the size of the …
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