A resistance level of 166.28 held the buyers back. The ascending truncated wave structure has ended with the breach of the inclined channel. The Awesome Oscillator indicator shows bearish divergence, and the Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on a breakout of 165.13.
Stop Loss over resistance level: …
The general trend is downtrending. The ascending wave structure is truncated. The currency pair is trading in the range of 365 and 135 moving averages. The Awesome Oscillator indicator has bearish divergence.
Trading idea:
Sell on the formation of a downward wave structure, where wave (A) pierces the 2 wave …
#BRN
OPEC+ countries decided to cut oil production by 100 thousand barrels per day — this news can support the price of black gold.
Downward wave structures are truncated. The Awesome Oscillator indicator shows a bullish divergence, while the Stochastic Oscillator signals oversold.
Trade idea:
Buy on the formation of …
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