The descendant wave structure is truncated. The support level of 0.8975 restrains sellers. Awesome Oscillator, as well as Stochastic Oscillator, indicate bullish divergence.
Trade idea:
Buy when an ascendant wave structure starts forming, where a wave (A) pierces the inclined channel of the descendant truncated structure.
Stop loss below the …
#OR
The general trend is ascendant. The descendant wave structure has finished piercing the inclined channel. Awesome Oscillator indicates bullish divergence and Stochastic Oscillator signals oversold conditions.
Trade idea:
Buy when the 376.00 level is breached.
Stop-loss — 362.00.
Target levels: 400.00; 431.00.
News for today, Wednesday, January 26
Asian stocks are getting quiet waiting for the new Fed’s decision about tightening monetary policy and soon interest rates hikes. Japan’s Nikkei 225 slipped 0.37%, and MSCI’s broadest index of Asia-Pacific outside Japan decreased by 0.1%.
Gold price is floating at the two-months highs …
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