Trading idea for Orange SA (EURONEXT)
#ORA
The general trend is downtrending. The ascending wave structure has ended with the breakdown of the inclined channel. Awesome Oscillator indicator shows bearish divergence, and Stochastic Oscillator indicator signals overbought. A breach of 10.154 will give rise to the formation of a downward wave structure.
Trading idea:
Sell on a breakout of 10.154.
Stop-loss: 10.284.
Target level: 9.965.
