CAD/JPY Trading Analysis (15/07/2024)
The trend is ascending. The downward wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold condition.
Trading analysis:
- Buy when the formation of the upward wave structure begins, when the wave A breaches the sloping channel of the downward truncated structure.
- Stop-loss at 115.460.
- Price targets at 116.950 and 117.800.
#cadjpy #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
