Friday, April 9th, today’s news—European markets are mixed after retreating from record highs, Germany reports a rise in exports, but a drop in industrial output. Oil is trading steady, Treasury yields rise ahead of PPI, dollar rebounded form lows. The price of Brent oil is $63.25, WTI—$59.74, EUR/USD is at 1.1888, …
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The overall trend is upward. The support level of 5.020 is holding back sellers. The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks …
The Fibonacci level of 88.2 from the assumed wave (A) is not broken, which gives the opportunity to assume that the descending pattern is a wave (B). Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold conditions.
monitor the price movement in real time.
Trading …
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