NZD/CAD Trading Analysis (04/02/2025)
The trend is up. The pair is trading between 365 and 135 EMAs. The bearish 5-wave structure is truncated. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.
- Stop-loss at 0.8088.
- Price targets at 0.8180 and 0.8220.
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