The overall trend is upward. The descending wave truncated pattern (wave (C) didn’t breach 123.6% of wave A). A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicates an oversold condition.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaches the inclined …
The pair, after a slight correction to the level of 1.1995, turns up before the ECD’s final decision on monetary policy. Expect that the European regulator will not make any changes to its monetary rate. Amid the recovery in demand for risky assets and the "chronic" weakness of the …
On the W1 timeframe, the currency pair is trading in the range of the lower border of the ascending price channel. Stochastic Oscillator signals oversold conditions.
On the H1 timeframe, a descending wave pattern has formed, which is currently truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator …
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