The euro against the dollar settled near the resistance of 1.0600, as it reached at the end of last week's trading, and rebounded from it to the downside, before returning to test it again with today's trading. Therefore, the suggested bullish scenario remains during today's trading, provided that trading remains …
#HD
The general trend is ascendant. Descendant wave structures 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 292.46 level (pivot 2 of the wave C).
Stop-loss is under the …
The general trend is descendant. The currency pair is traded between 365 and 135 moving averages. The ascendant wave structure of the H1 level 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) …
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