The euro pair achieved the first awaited target, as it broke the support 1.0475 and reached the lower limit of the descending channel that appears on the chart, and it is now trying to rebound upwards and correct the descending path, and it reached the moving average 7, and the …
#COP
The general trend is ascendant. The share is traded between 365 and 135 moving averages. The descendant wave structure is truncated (wave C has not breached 123.6% of A wave). Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave structure …
The trend is ascendant. The currency pair is traded between 365 and 135 moving averages. The multi-candle figure “double bottom” is forming. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The “start fractal” has formed above 135 EMA, and the fractal breach will cause the ascendant ABC …
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