Wednesday, January 13th, today’s news—oil prices are up as the US crude oil stockpiles fall. Global markets are still mixed, gold rises, Treasury yields and dollar fall. The price of Brent oil is $56.60, WTI—$56.78, EUR/USD is at 1.2185, GBP/USD—1.3681, gold is $1,850.90 per ounce. Read the daily selection of …
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The downward pattern of the H1 level ended with the breakout of the inclined channel (aC). Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. Probably the descending H1 pattern is the wave (B) of the ascending pattern of the H8 level.
Trading idea:
Buy when …
The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages directed upwards. The descending pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold condition.
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