#MRK
The overall trend is upward. The downward movement tested the trend line on the weekly timeframe. Bears are approaching the support level of 72.06. Stochastic Oscillator signal oversold conditions.
Trading idea:
Buy from the support level of 72.06.
Stop Loss: 70.00.
Target levels: 79.42; 83.82; 87.08.
The descending wave pattern is truncated. The 365 and 135 moving averages signal an upward movement. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.
monitor the price movement in real time.
Trading idea:
Buy the pair when an ascending wave pattern is …
The pair is trading below 1.2175, forming the uptrend descending flag pattern. The growth of fears in the markets puts pressure on the pair, along with the fact that the Fed may announce the beginning of a reduction in the volume of government bond repurchases as early as September …
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