The price of the pound sterling against the dollar rose and paused at the resistance level 1.2590, which the price has been trying to breach since yesterday.
We notice that the stochastic indicator is giving a negative signal, as it forms a crossover between its lines above the 80 level, …
The euro against the dollar is trying to break the resistance level of 1.0750 and confirm the bullish movement, as it is testing the resistance level since the beginning of today's trading, and it is likely that it will be able to do so, and therefore it will launch on …
#MC
The general trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss is over the …
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