The ascending wave pattern of the H8 level is truncated at the moment. The internal pattern of the H1 level has five sub-waves. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought conditions.
AUD/JPY rate online: the price movement in real time.
Trading …
While Omicron continues affecting the economy, seasonal tendencies continue to play their role. Christmas holidays is a calm low-volatility period yet vast spread of Omicron forces governments to make decisions. New pandemic restrictions are about to happen as well as new central bank decisions. The US dollar index rose humbly …
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The overall trend is ascending. The descending wave patterns are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold conditions.
Trading idea:
Buy when the ascending wave pattern is formed, where the wave (A) breaches the inclined channel of the descending …
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