Trading
Analysis
Partnership
English
27.05.2022
The ascendant wave structure is truncated. Bulls have tested the moving average 200. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss is over the local maximum of the ascendant structure.
Target levels: 0.7034; 0.6880.
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