The GBP/USD pair rebounded slightly to the upside and is moving at the upper limit of the descending channel within which it has been moving for three weeks in an attempt to end the bearish path.
The 50 average continues to pressure the price to complete the decline, as it …
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The general trend is descendant. The share fluctuates between 365 and 135 moving averages and the upper boundary of the descendant price channel. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The ascendant wave structure is truncated.
Trade idea:
Sell when the descendant wave structure forms, …
The general trend is descendant. The currency pair fluctuates between 365 and 135 moving averages. The ascendant structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trade idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the …
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