Thursday, March 4th, today’s news—global markets edge lower as bond yields fluctuate, and new earnings reports are released. Dollar is stronger, oil rises as OPEC+ countries are expected to stick with output cuts, Germany's Lufthansa posted record losses. The price of Brent oil is $63.49, WTI—$60.71, EUR/USD is at 1.2029, GBP/USD—1.3928, …
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The overall trend is upward. A Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicates 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 the local minimum.
Target …
The overall trend is upward. The descending pattern of the H4 level is truncated. The inclined channel of the descending pattern is broken. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.
monitor the price movement in real time.
Trading idea:
Buy when …
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