The euro against the dollar pair returns to rise and test the resistance 1.0750 again in an attempt to breach it, as it tests this resistance for the third time in two weeks.
We notice that the price forms a continuation triangle for us, which is completed by the price …
#CHINAMOB
The trend is ascendant. The support level 50.00 restrains sellers. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when 50.50 level is breached.
Stop-loss: 50.00.
Target levels: 51.27; 52.75.
The reverse pattern “pin bar” has formed on the H4 timeframe with a false breach of the support level. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The breach of the 16.4103 level will cause the 123 ascendant pattern to form.
Trading idea:
Buy when level 16.4103 …
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