The GBP/USD pair achieved its bearish target. They reached the support level 1.1985 before rebounding upwards to correct the bearish path affected by the positivity of the stochastic indicator. When the price reached the level of the moving average 20, which constitutes the first resistance level, the rebound movement stopped …
The EUR/USD pair approached the main target and reached the value of 1.0360 during last week's trading, before returning to the upside in an attempt to correct the descending path to the 1.0425 resistance, affected by the positivity of the stochastic indicator.
The moving averages form the first resistance levels …
#MCD
Bulls are testing the resistance 254.10. The ascendant wave structure is truncated. 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 truncated structure.
Stop-loss is over …
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