02.08.2022
The general trend is upward. The currency pair is trading within the range of the lower boundary of the main upward price channel and the upper boundary of the internal correctional price channel. The Awesome Oscillator indicator has bullish divergence, and the Stochastic Oscillator indicator signals oversold.
Trading idea:
Buy after closing the 4-hour candle above the upper boundary of the downtrending price channel.
Stop-loss: 16.4087.
Target levels: 16.8247; 16.9620.
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