GBP/USD Trading Analysis (19/06/2025)
The trend is up. The downward wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy at the beginning of the formation of an ascending wave structure, when the wave A breaches the sloping channel of the descending truncated structure.
- Stop-loss below the local minimum of the descending structure.
- Price targets are 1.3450 and 1.3573.
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