#BA
The general trend is downward. On the H4 timeframe, a "shooting star" reversal pattern was formed. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought.
Trading idea:
Sell on a breakout of 163.00.
Stop-loss: 172.00.
Target levels: 152.80; 142.40.
Downward five-wave structure truncated. Bullish divergence is indicated on the Awesome Oscillator and Stochastic Oscillator indicator.
Trading idea:
Buy on the formation of an ascending wave structure, where wave A breaks the pivot 2 of wave 5 (0.6639).
Stop-loss under the local minimum of the descending structure.
Target levels: 0.6658; …
There is nothing new about the movement of the Pound Sterling against the Dollar, as the pair continues its bearish trend despite the correction that is taking place, which is expected to end near the EMA50 level.
The rebound movement comes with positive support from the stochastic indicator, which forms …
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