The currency pair is traded in the descendant price channel’s upper border span. The ascendant wave structure is truncated. 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 …
The EUR/USD pair was unable to confirm breaking the resistance 1.0550, as it breached this level temporarily, but it failed to stabilize above it, then rebounded lower and exited the ascending channel and approached the support level of the 5th moving average 50. The target will be to reach the …
The pair sterling against the dollar reached the trend line and failed to break, after which it rebounded lower and returned to the bearish track in the short term, with the goal of testing the 1.2200 support level, with the negative impact of the stochastic indicator and the moving average …
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