The bulls tested the mirror level of 1.1576. The ascending wave structure ended with the breakdown of the inclined channel. The stochastic Oscillator indicator signals overbought conditions.
Trading idea:
Sell on the breach of 1.1441.
Stop Loss: 1.1576
Target levels: 1.1250; 1.0920.
The bulls tested the mirror level of 1.1576. The ascending wave structure ended with the breakdown of the inclined channel. Stochastic Oscillator indicator is signaling overbought.
Trading idea:
Sell on the breach of 1.1441.
Stop Loss: 1.1576
Target levels: 1.1250; 1.0920.
The trend is ascending. On the daily timeframe, a "key reversal" pattern was formed with a false breach of the level.
On the H1 timeframe, the internal truncated wave structure ended with the breakdown of the inclined channel. The Awesome Oscillator indicator shows a bullish divergence, and the Stochastic Oscillator …
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