A "Pin Bar" reversal pattern has formed on the D1 timeframe with a false breakout of the resistance level. Stochastic Oscillator signals an overbought condition.
A truncated H2 level pattern has formed on the H1 timeframe, which ended with the breakout of the inclined channel. A breakout of 1.3407 …
The overall trend is upward. The descending pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals an oversold condition.
Trading recommendations:
Buy when an ascending wave pattern is formed, where the wave (aC) breaks through the inclined channel of the descending truncated pattern.
Stop Loss: 134.00. …
Friday, December 4th, today’s news—German factory orders in October surpassed the pre-pandemic levels. European and Asian markets rise on the US stimulus hopes, China's export and import growth continues to gain pace, gold and oil are up, the weakest job data in six months is expected in the US. The …
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