The pound sterling dollar pair found strong support at the 1.3400 level, to show some slight positive attempts, while it is still inside the bearish channel that appears on the image, and is under continuous negative pressure from the EMA50, to keep the bearish trend scenario valid and effective for …
The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence and Stochastic Oscillator signals oversold conditions.
Trade Idea:
Buy when the ascendant wave structure forms, where a wave (A) breaches through the inclined channel of the descendant wave structure.
Stop-loss: 123.58.
Target levels: 125.66; …
#DGE
The general trend is ascendant. The share fluctuates between 365 and 135 moving averages. The descendant truncated wave structure has finished breaching the inclined channel. Awesome Oscillator indicates bullish divergence.
Trade idea:
Buy when price breaches 37.6420.
Stop-loss: 36.3260.
Target levels: 39.0500; 40.4300.
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