The pound sterling against the dollar tested the pivotal resistance 1.3460 and kept its stability below it, accompanied by the appearance of negative signals through the stochastic indicator, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 1.3400 then 1.3310 as main …
Bulls tested the historical resistance level of 1.7095. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trade idea:
Sell when the price is firmly below 1.7019 (the price of the last impulse candlestick opening).
Stop-loss – 1.7095.
Target levels: 1.6840; 1.6654.
#ITX
The general trend is ascendant. The descendant wave structures are truncated. Awesome Oscillator indicates bullish divergence and Stochastic Oscillator signals oversold conditions.
Trade idea:
Buy when the ascendant wave structure forms, where a wave (A) breaches through the inclined channel of the descendant wave structure.
Stop-loss below the local …
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