The GBP/USD pair achieved its bearish target and reached the support level of 1.1950 after the strong bearish movement that formed yesterday, where the price managed to breach several levels of support to confirm the strength of the current bearish path, which is likely to continue during today's trading. We …
Gold managed to break the main support level 1790.00 and started a lower, bypassing several levels of support before stopping the movement temporarily at the support level 1760.00. This is under negative pressure from the moving averages.
It is likely that we will see some correction to the upside as …
The descendant wave structure of H4 and H1 levels are 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 through the inclined channel of the descendant truncated structure.
Stop-loss is below the local …
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