Bulls have once again tested the round secondary level 1.5280. The ascendant wave structure of the H1 level is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The upper border of the Ichimoku cloud is also tested.
Trading idea:
Sell when the descendant wave structure forms, …
Gold started correcting upwards after the price rebounded from the support level of 1830.00 to breach the resistance level of 1845.00 upwards, and the bullish movement stopped temporarily at the moving average level 20, which constitutes resistance for the price at the value of 1856.00.
The 50 average continues negative …
The GBP/USD pair was able to complete the bearish continuation flag pattern and exited from below, thus opening the path to complete the decline with a movement that will extend to the lower limit of the descending channel that appears on the chart, and the initial targets will be 77.5% …
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