16.01.2020
The resistance level of 76.08 holds back buyers. An H2 level ascending truncated patternhas formed. The formation of a bearish divergence on Awesome Oscillator indicator also indicates the weakness of the pattern.
Trading recommendations:
Sell while the descending pattern is forming, where the wave (A) breaks through the inclined channel of the ascending truncated pattern.
Stop Loss – 76.08 (more reliable for the historical level of 76.50).
Target levels – 75.20; 74.73; 73.93.
At the level of 75.55, move the stop to breakeven, since this is a price pivot zone.
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