The EURUSD pair tried to breach the resistance 1.0250, but it failed to do so and then rebounded down to the support level 1.0170, where the EMA 20 resides, which stopped the bearish rebound. It pushed the price to return to the upside, affected by the positivity of the stochastic …
#CNOOC
The general trend is ascendant. The descendant wave structure has finished breaching the inclined channel. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. A breach of 10.07 will cause an ascendant wave structure to form.
Trading idea:
Buy when level 10.07 is breached.
Stop-loss: 9.26.
Target …
The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The breach of the 1.4840 level will cause an ascendant wave structure to form.
Trading idea:
Buy when level 1.4840 is breached.
Stop-loss: 1.4750.
Target levels: 1.4940; 1.5150.
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