22.05.2023
The trend is descending. The currency pair is traded in the range between 365 and 135 ЕМА. The uptrend wave structure is truncated. There is a bearish divergence on the Awesome Oscillator.
Trading idea:
Sell at the formation of the descending wave structure, where the (A) wave breaches the sloping channel of the upward truncated structure.
Stop-Loss: 17.7958
Target price level: 17.4300
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