31.01.2020
The overall trend is downward. The assumed correction tested the price pivot zone of 1.1039 and ended with a breakout of the inclined channel. Stochastic Oscillator indicator signals overboughtness. Sell the pair while descending wave pattern is forming.
Trading recommendations:
Sell while the descending pattern is forming (you need to get a correction wave, hen sell as the wave (aC) is breached).
Stop loss for the prive pivot zone 1.1039.
Target levels: 1.1000; 1.0950
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