Bulls tested the historical resistance level of 1.7095. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trade idea:
Sell when the price is firmly below 1.7019 (the price of the last impulse candlestick opening).
Stop-loss – 1.7095.
Target levels: 1.6840; 1.6654.
#ITX
The general trend is ascendant. The descendant wave structures are 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 below the local …
News for today, Monday, January 31
Chinese zero-Covid restrictions may impact the global supply chain. Although China has very few Covid cases, even rare occasions of shutting down entire cities and seaports concern the market a lot. Even a short-term lockdown may affect the entire world, acting with a ripple …
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