The descendant truncated wave structure of the H4 level has finished with breaching the inclined channel. Awesome Oscillator indicates bullish divergence. The entry point is forming on the correction wave B.
Trade idea:
Buy when breaching 1.1335.
Stop loss below the support level 1.1288.
Target levels: 1.1420; 1.1480.
#DTE
The general trend is ascendant. History mirror level 15.42 has restrained sellers. The descendant truncated wave structure has finished with breaching the inclined channel. Awesome Oscillator indicates bullish divergence.
Trade idea:
Buy when breaching 16.33 level.
Stop loss is below the mirror level of 15.42.
Target levels: 17.18; 17.72.
News for today, Monday, January 24
After a volatile week, the market has frozen in wait for the Federal Reserve’s meeting again. One more Jerome Powell’s press conference and monetary policy updates will undoubtedly cause some more turmoil after Tuesday. However, until then… DOW J has lost 1,30%, NYSE composite …
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