The overall trend is upward. The descending truncated pattern of the H4 level ended with the breakout of the price pivot zone-2 of wave C. Awesome Oscillator shows a bullish divergence. The breakout of 1.08 will result in the formation of an ascending wave pattern of the H1 level …
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The support level of 14289 is holding back sellers. Awesome Oscillator shows a bullish divergence. The descending wave pattern is truncated.
Trading idea:
Buy when an ascending wave pattern is formed, where wave A breaks through the inclined channel of the descending pattern.
Stop Loss under the local minimum. …
The pair is trading above the 1.2080 level. It’s under pressure due to the stronger US dollar's position amid a strong increase in the yield of treasuries, as well as the absence of negative news for the US currency.
Technical side:
The price is located below the middle Bollinger …
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