The GBP/USD pair made an attempt to breach the 1.3525 level, but it was not able to hold for long below it, to show some slight bullish bias now, noting that the EMA50 constitutes good negative pressure in front of the price, while the stochastic indicator loses its positive momentum …
#MKS
The general trend is ascendant. Bears test the mirror level 1.9100. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The share fluctuates between 365 and 135 moving averages.
Trade idea:
Buy when the ascendant wave structure forms, where a wave (A) breaches through the inclined channel …
The currency pair fluctuates between 365 and 135 ascendant moving averages. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The descendant truncated structure’s inclined channel is breached.
Trade idea:
Buy when the ascendant wave structure forms.
Stop-loss below …
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