19.10.2023
Bulls are testing the upper border of the accumulation zone. The uptrend wave structures are truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
Trading idea:
Sell at the formation of the descending wave structure, when the A-wave breaches the 7.3219 (pivot 2 of the ascending truncated structure).
Stop-Loss: 7.3300.
Target price levels: 7.3060, 7.2820.
#usdcnh #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
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