The trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
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Trade idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss is beyond …
The GBP/USD pair achieved a strong break of the 1.3390 level and reached the 1.3310 level directly, and by looking closely at the chart, we find that the price completed forming a bearish flag pattern, to support the chances of breaking the last level and opening the way to achieving …
Gold price ended yesterday’s trading with a strong positivity, settling above the level of 1928.60, to move towards continuing the rise on the intraday and short term, targeting the levels of 1960.00 then 2000.00 as the next main stations.
The moving average 50 supports the expected ascending wave, …
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