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 …
The trend is descendant. The currency pair is traded between 365 and 135 EMA. Awesome Oscillator indicates bearish divergence. The ascendant wave structure is truncated.
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 is …
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