The ascendant wave structure is truncated. 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 ascendant truncated structure.
Stop-loss: 93.70.
Target levels: 91.71; 91.15.
#BA
The trend is descendant. The share is traded between 365 and 135 moving averages. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The entry point is forming on the pullback B.
Trading idea:
Sell when level 137.18 is breached.
Stop-loss: 142.30.
Target levels: 131.20; 125.18.
The EURUSD pair continues its bearish movement, under the negative influence of the stochastic indicator and the moving averages. Therefore, the bearish scenario remains effective during the upcoming period on a short and intraday basis. The main target will be the 1.0000 level.
You should pay attention to the price's …
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