Wait | 18 December 2019
18 December 2019, GBP/USD
Technical Observation
Earlier this week, the price went below the Alligator trend indicator is still rallying below it. At the same time, the KDJ Oscillator is below the 20.0 level. According to the Alligator trend indicator, we're in an active downtrend, but according to the Oscillator attached, we're approaching an oversold area and a good place to pick a buy from. Therefore, we're waiting for a possible buy if the indicator shows signs of bouncing from the level 20.00. On its way upwards, the key levels to look for include 1.3325, and 1.3535.
Trade Recommendations:
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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
