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Trading idea for Rio Tinto (LSE)

#RIO

The overall trend is upward. The stock is trading in a corrective (downward) price channel. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy the pair when an ascending pattern 1-2-3 is formed, where wave 1 breaks through the upper limit of the …

EURCAD analysis

The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions. Probably the ascending pattern of the H1 level is the wave (B) of the descending pattern of the …

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