The currency pair is trading below the Ichimoku cloud, indicating a downtrend. The ascending wave structures are truncated. The inclined channel of the internal truncated structure has been broken. The Awesome Oscillator indicator has a bearish divergence, and the Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on a breakout …
#ORA
The general trend is downtrending. The ascending wave structure has ended with the breakdown of the inclined channel. Awesome Oscillator indicator shows bearish divergence, and Stochastic Oscillator indicator signals overbought. A breach of 10.154 will give rise to the formation of a downward wave structure.
Trading idea:
Sell on …
The downward truncated wave structure ended with the breakdown of the inclined channel. On the indicator Awesome Oscillator, there is a bullish divergence. On the H4 timeframe, there is a "key reversal" pattern with a false breakout.
Trade idea:
Buy on the breakout of 11.4780.
Stop-loss under the support level …
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