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AUD/CAD Trading Analysis (12/09/2024)

12.09.2024

Market Review

The trend is descending. The currency pair is trading in the range between 365 and 135 ЕМА. The upward truncated wave structure finished with the breach of the sloping channel. The Stochastic Oscillator signals an overbought condition.

Trading idea:

Sell when the formation of the descending wave structure begins.
Stop-loss at 0.9083.
Price targets at 0.9058 and 0.9022.

#audcad #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC

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