The GBP/USD pair achieved our first awaited positive target at 1.3610, and rebounded sharply downwards from there, to start pressure on the 1.3525 level, which provides indications that the price is heading to return to the bearish corrective path after failing to surpass the 1.3610 level on the second attempt. …
News of the day, Thursday, February 10
The Taiwan-based Foxconn, an iPhone manufacturer will launch an investment in electric vehicle manufacturing. The factory will build an industrial site on 200 hectares to make battery cells, cathode precursors, and telecom spare parts with the vehicles. Foxconn is about to pair with …
The general trend is ascendant. The descendant wave structure is truncated at the moment. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trade idea:
Buy when the ascendant wave structure, where a wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss is below …
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