The British pound against the dollar is trading below the broken neckline of the double top pattern, to keep the negative pressure valid for the upcoming period, noting that the targets of the negative pattern cross 1.3530 to reach 1.3460 then 1.3400.
Therefore, the bearish trend will remain dominant over …
#JNJ
The general trend is ascendant. The descending wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trade idea:
Buy when the ascendant wave structure forms where the wave (A) breaches the inclined channel of the descending wave structure.
Stop loss below the local …
NZD index is traded along the support level of 67.10. The currency pair NZD/USD shows the descendant truncated wave structure of the H1 level testing the support level of 0.6701. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator shows oversold conditions.
Trade idea:
Buy on breaching 0.6728.
Stop loss below …
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