01.08.2022
#BAC
The general trend is downward. The currency pair is trading in the 365 and 135 EMA range. The ascending wave structure is truncated. There is a bearish divergence on the Awesome Oscillator indicator.
Trading idea:
Sell on the formation of a downtrending wave structure where wave (A) breaks the inclined channel of the ascending truncated structure.
Stop-loss for the local maximum of the ascending structure (34.00).
Target levels: 31.30; 29.71.
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