23.10.2019
The overall movement is upward. The pair is trading in the range of the lower border of the upward price channel built on TF H4.
On TF H1, the currency pair is trading in the range of 135 and 365 moving averages in the internal downward price channel. Bullish divergence has formed on Awesome Oscillator indicator, and the Stochastic Oscillator indicator signals oversoldness.
Trading recommendations:
Buy while an ascending structure is forming, where an A wave breaks through the moving average 135, forming an initial fractal. Buy at the breakdown of the start fractal.
Stop loss below a local minimum (2.0062).
Target levels - 2.0336; 2.0550.
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