19.02.2024
The trend is descending. The uptrend wave structures are truncated. The currency pair is traded in the range between 365 and 135 ЕМА. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Sell at the formation of the descending wave structure, when the A-wave breaches the 1.07704 (pivot 2 of the truncated structure).
Stop-Loss at 1.0789.
Target price levels at 1.0732 and 1.0700.
#eurusd #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
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