08.06.2022
The general trend is descendant. The currency pair is traded between 365 and 135 moving averages. Stochastic Oscillator indicates overbought conditions. The “start fractal” is formed below 135 EMA, the breach of this figure will cause the pattern ABC to start.
Trading idea:
Sell when 6.6657 level is breached.
Stop-loss is over the stop fractal.
Target levels: 6.6473; 6.6220.
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