#CHINAMOB
The trend is ascendant. The support level 50.00 restrains sellers. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when 50.50 level is breached.
Stop-loss: 50.00.
Target levels: 51.27; 52.75.
The reverse pattern “pin bar” has formed on the H4 timeframe with a false breach of the support level. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The breach of the 16.4103 level will cause the 123 ascendant pattern to form.
Trading idea:
Buy when level 16.4103 …
News of the day, Thursday, June 9
European stock markets are expected to decrease today ahead of the European Central Bank meeting, which is supposed to disclose the schedule of soon interest rate hikes in the EU. The DAX futures in Germany decreased by 0.7%, CAC 40 futures in France …
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