#RRC
The general trend is ascendant. The descendant wave structure is truncated. Bears have tested the lower border of the ascendant price channel. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the …
The ascendant wave structures are 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.
Target levels: 1.2859; 1.2550.
News of the day, Thursday, 16 June
The U.S. Federal Reserve raised rates by 0.75% to 1.75%, which is the largest rate hike since 1994.
Asian shares fell following the Fed’s decision, with Hang Seng down 1.31% and MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.46%.
Oil prices …
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