EUR/CAD Trading Analysis (25/09/2024)
The trend is ascending. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trading idea:
- Buy when the formation of the ascending wave structure begins.
- Stop-loss at 1.5000.
- Price targets at 1.5093 and 1.5157.
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