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AUDUSD analysis 30.03.2020


The overall trend is downward. Stochastic Oscillator signals overboughtness. The assumed D2 level wave B (H4 level pattern) has to be completed with a breakout of the inclined channel in order for the downtrend to continue.

Trading recommendations:

Sell while a descending pattern is forming, where the wave (as) breaks through the inclined channel of the ascending pattern of the H4 level. 

Stop Loss: 0.6200.

Target levels: 0.5867; 0.5720; 0.5520.

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