24.10.2019
The currency pair is trading in the range of 135 and 365 moving averages directed downwards. Bearish divergence has formed on Awesome Oscillator indicator, and the indicator Stochastic Oscillator showed an exit from the oversold zone. The breakout of the start fractal (0.9895) will result the formation of a descending structure within the descending wave from the H4 level.
Trading recommendations:
Sell under the 0.9895.
Target levels – 0.9850 9850 (round intermediate level and trap range for pros); 0.9783 (138.2% F level from A H4).
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