USD/CAD Trading Analysis (22/04/2024)

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

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward truncated structure.

Stop-Loss 1.3714.

Target price levels 1.3780 and 1.3837.

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