22.01.2020
The round secondary level of 1.1080 holds back sellers. A descending truncated pattern of the H8 level was formed, in which the wave (C) has subwaves of the H4 level, where the wave (C) is also truncated (the formation of a reversal pattern). Also, Awesome Oscillator shows a bullish divergence, and Stochastic Oscillator indicates oversoldness.
Trading recommendations:
Buy while an ascending pattern is forming, where the wave (A) breaks through the inclined channel of the descending truncated pattern of the H4 level, completing it.
Stop loss under the round secondary level - (1.1077).
Target levels: 1.1120 (round secondary level); 1.1150 (round intermediate level); 1.1220.
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