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AUD/CAD Trading Analysis (28/06/2024)

28.06.2024

Market Review

The trend is ascending. The downward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.

Trading idea:

Buy when the formation of the upward wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.
Stop-loss at 0.9090.
Price targets at 0.9105 and 0.9131.

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

Author: GC

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