CAD/JPY Trading Analysis (20/11/2023)

The trend is ascending. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Trading analysis:

Buy at the formation of the ascending wave structure, when the A-wave breaches the sloping channel of the descending truncated structure.

Stop-Loss: 108.60.

Target price levels: 110.00, 110.50.

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