The pound against the dollar stabilized by moving below the support level of 1.1990 and is moving sideways under this level, and the downward movement was stopped by the effect of the positive signal from the stochastic indicator that moved upwards from the oversold area.
In general, we continue to …
#LENOVO
The general trend is ascendant. Bears tested the historical support 7.02. Awesome Oscillator indicates bullish divergence.
Trading idea:
Buy when the 4-hour candle holds above 7.16.
Stop-loss is under the historical level 7.02.
Target levels: 7.44; 8.00.
The general trend is descendant. The reverse wave model is forming — the ascendant wave structures are truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The inclined channel of the ascendant structure is breached.
Trading idea:
Sell when the descendant wave structure forms.
Stop-loss: 20736.0.
Target …
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