The general trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator and Stochastic Oscillator indicate bearish divergence.
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: 0.9146.
Target levels: 0.9000; 0.8925.
News of the day, Thursday, June 2
The USD hit a three-week high against the yen today, supported by advances in U.S. Treasury yields which have been holding near a two-week peak recently. The dollar index edged 102.25.
OPEC+ sources say Russian oil output has decreased by around 1 million …
The currency pair is traded inside the lower border span of the descendant price channel. The descendant wave structure is truncated, and Awesome Oscillator indicates bullish divergence.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure. …
Don't have your language?
