Friday, August 13th, today’s news — US labour statistics indicated an economic recovery, which prompted the Dow and S&P 500 stock indexes to update records. Shares of the largest US companies by capitalization also rose in price. The price of Brent oil is $70.97 per barrel, WTI — $68.67. EUR/USD …
The currency pair is trading in the range of 135 and 365 moving averages. The descending wave pattern of the H2 level is currently truncated. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.
monitor the price movement in real time. …
#T
A truncated descending wave pattern has formed. And a bullish divergence has formed on Awesome Oscillator. Probably, the descending truncated pattern is a correction wave (B) and a wave (C) is being formed now.
Trading idea:
Buy on breakout 28.20.
Stop Loss: 27.75.
Target levels: 28.53 (specialist trap); 29.33.
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