The pound against the dollar failed to break the resistance level 1.2590 and rebounded to the downside towards the support level 1.2470 after it breached the support level represented by the moving average 20. To move the price within a sideways path in the medium term between the two levels …
The euro against the dollar was unable to break the resistance level at 1.0750 yesterday, and it returned to the bearish rebound towards the support level 1.0645, which is the target for the rebound movement. Therefore, the downside scenario remains to dominate the price movement, especially since the price broke …
#FRE
The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The entry point on the pullback B is forming.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure. …
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