The GBP/USD pair achieved its target and reached the resistance level at the average 50 as an upward correction move, and therefore we are likely to see the price return to the downside, as the 50 EMA is in the form of price resistance near the upper line of the …
#GLEN
The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches the inclined channel of the descendant truncated structure.
Stop-loss: 3.9560.
Target levels: 4.4300; …
The trend is descendant. The currency pair is traded between 365 and 135 EMA. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant structure.
Stop-loss is over …
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