A multi-candle head and shoulders reversal model has formed on the H4 timeframe. The support level of 28.40 (neck line) is holding back the bears. Awesome Oscillator shows bearish divergence, while Stochastic Oscillator showed an exit from the overbought zone.
Trading recommendations:
Sell below 28.40.
Stop loss: 29.80.
Target …
The 1.7200 support level is holding back sellers. Awesome Oscillator indicator shows bullish divergence, while Stochastic Oscillator signals oversoldness. The currency pair is trading in the upper bound of the descending price channel.
Trading recommendations:
Buy while an ascending 1-2-3 pattern is forming, where wave 1 breaks through the …
The pair is consolidating in a wide range of 1.2250–1.2555. Today it found support at 1.2250 amid the somewhat better UK economic statistics released today. Today, the market will be focused on Jerome Powell’s speech. If his outlook for the US economy is optimistic, and he clearly dismisses the …
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