The British pound against the dollar succeeded in achieving our first awaited target at 1.3525, and breaking it to settle below it now, which supports the continuation of our expectations for the bearish trend, which targets the 1.3460 level as a next major station.
Therefore, the bearish bias will remain …
#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 …
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