The British pound against the dollar reached the resistance level 1.3180 and settled near this level, trying to breach it and end the bearish path. And start a new upward trajectory.
The 20-50 moving averages support the bullish movement as they intersect near the support 1.3080.
The range of movement …
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The share is traded in the descending channel’s lower border span. The reverse pattern “Pin-bar” has formed. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trade idea:
Buy after the 4-hour impulse candle is closed above 23.22.
Stop-loss — 22.37.
Target levels: 24.45; 25.89.
The currency pair is traded in the upper border of the descendant price’s channel span. The ascendant wave structure of the H4 level is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trade idea:
Sell when the descendant wave structure forms, where the …
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