08.05.2020
The ascending H1 level pattern is truncated (wave C didn’t break through the 88.2% fib level). Awesome Oscillator shows bearish divergence, while Stochastic Oscillator signals overboughtness.
Trading recommendations:
Sell while a descending wave pattern is forming, where wave A breaks through the inclined channel of the ascending truncated H1 level pattern.
Stop loss for the local maximum of the H1 pattern.
Target levels: 0.6283; 0.6220.
The AUDCHF rate online: monitor the movement of the pair in real time.
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