The trend is descendant. The currency pair is traded between 365 and 135 EMA. 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 …
Commodities market
Oil prices continued gains fueled by a weaker dollar and tight supplies. Brent crude futures rose 0.7%, and WTI crude rose 0.3%.
Key tickers:
Brent: 102.50 — strong buy.
WTI: 95.68 — strong buy.
NG: 7.153 — strong buy.
Foreign exchange market
The dollar is down today as …
#MS
The descendant wave structures are truncated. The false breach of the descendant’s wave A pinnacle has happened, and the reverse pattern Pin bar has formed on the timeframe H4. Awesome Oscillator indicates bullish divergence, and stochastic Oscillator’s moving levels left the oversold area, forming bullish divergence.
Trading idea:
Buy …
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