EUR/CAD Trading Analysis (17/08/2023)

The trend is ascending. The downward truncated wave structure finished with the breach of the sloping channel. The currency pair is traded in the range between 365 and 135 ЕМА. The Stochastic Oscillator signals the oversold state.
 

Trading idea:

By at 1.4721.

Stop-Loss: 1.4698.

Target price levels: 1.4757, 1.4800.

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