06.05.2021
The overall trend is downward. The ascending wave pattern is truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator indicates an overbought condition. The inclined channel of the ascending wave pattern is breached.
USDSEK rate online: monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed.
Stop loss: after the local high of the ascending pattern—8.5055.
Target levels: 8.4033; 8.3160.
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