29.07.2021
AUDCAD
The descending patterns of the H8, H2, and H1 levels are currently truncated. Probably the formation of the reversal wave pattern. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.
AUDCAD rate online: monitor the price movement in real time.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern.
The stop loss is below the local minimum.
Target levels: 0.9279; 0.9320; 0.9390
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