CADJPY analysis 19.03.2020

The descending H12 level pattern is truncated with a false breakout. Bullish divergence has formed on Awesome Oscillator, while Stochastic Oscillator signals oversoldness.

Trading recommendations:

Buy while an ascending pattern is forming, where the wave (A) breaks through the inclined channel of the descending truncated H12 level pattern.

Stop Loss: 73.88.

Target levels: 78.40; 81.40.