The price pivot zone of 8.2500 held back sellers. The descending pattern of the H8 level is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed, above 8.3150.
Stop Loss: 8.2500.
Target levels: 8.4288; 8.5606.
The pair remains in a short-term uptrend amid strong market hopes for the global economic recovery vigorously in the post-pandemic period, which in turn supports the demand for commodity assets, to which the pair is sensitive.
Technical side:
The price is located above the middle Bollinger band, at the …
#IRAO
The stock is trading in the support level range of 5.1400. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending pattern.
Stop Loss under …
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