#ABC
The ascendant wave structure is truncated. The resistance level of 144.10 restrains sellers. Awesome Oscillator indicates bearish divergence.
Trade idea:
Sell on the breaching of 139.00.
Stop-loss is beyond the resistance level of 144.10.
Target levels: 135.35; 128.00.
The general trend is ascendant. The inner descendant structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Buy when the ascendant wave structure forms, where a wave (A) breaches through the pivot 2 of the wave C — 1.0703.
Stop-loss under the …
The pound sterling dollar pair traded with noticeable negativity yesterday, to approach our awaited target at 1.3525, but it rebounded upwards to move around 1.3600, noting that the stochastic indicator is clearly losing its positive momentum, to support the chances of resuming negative trading and heading towards the mentioned target …
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