The pound against the dollar achieved its target yesterday and reached the resistance level of 1.2000, after which it rebounded slightly to the downside and approached the EMA50. The bearish scenario is expected to continue if the price breaches the average level, and the targets will be 1.1900 and then …
The EUR/USD pair reached the target 1.0200 yesterday, then bounced lower as it failed to break the resistance 1.0750. It is likely to continue the current bearish movement until it tests the EMA50, negatively affecting the stochastic indicator on the price.
The bearish bias will be likely for today, bearing …
#AIR
The general trend is descendant. 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 structure.
Stop-loss is over the local maximum of the ascendant structure.
Target …
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