Trading idea for BNP Paribas SA (EURONEXT)
#BNP
The overall trend is upward. The descending wave structure is truncated. A bullish divergence has formed on Awesome Oscillator. A break through 53.840 will result in the formation of an ascending wave structure, where wave (A) has broken through the inclined channel of the descending truncated structure.
Trading idea:
Buy on the breakout of 53.840.
Stop Loss - 52.100.
Target levels - 55.555; 57.777.
