#BMW
The general trend is ascendant. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The descendant wave structure is truncated.
Trade idea:
Buy when the ascendant wave structure forms, where a wave (A) breaches through the inclined channel of the local truncated structure.
Stop-loss below the local …
News for today, Tuesday, February 8
The US dollar has increased by 0.22% on Tuesday after a hawkish announcement of ECB officials in the last week. The euro has gained 2.7% then, yet hadn’t beaten the resistance level around $1.1483 and had consequently decreased to 1.1418. On the other hand, …
The GBP/USD pair hovers around the 1.3525 level without confirming its position in relation to this level, which makes us stay neutral until we get a clearer indication of the next direction.
We remind that breaking of the mentioned level will put the price under additional negative pressure that targets …
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