The overall trend is descending. The stock is trading in the range between 365 and 135 EMA. The reverse 'Pin bar' pattern has formed on the H4 timeframe. The sloping channel of the ascending structure is truncated. The Stochastic Oscillator signals the oversold state.
Trading idea:
Sell at the …
Analytics for NZD/USD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
The currency pair is traded in the range between 365 and 135 ЕМА. The downtrend truncated wave structure finished with the breach of the sloping channel. The Stochastic Oscillator signals the oversold state. The …
The trend is ascending. The downtrend truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the formation of the upward wave structure;
Stop-loss: 211.50;
Target …
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