AUD/CAD Analysis, Chart, and Trading Idea

Analytics for AUD/CAD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
 

The trend is descending. The uptrend truncated wave structure  is traded in the range between 365 and 135 ЕМА. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
 

Trading idea:

Sell at the formation of the descending wave structure, when the (A) wave breaches the sloping channel of the ascending truncated structure;

Stop-loss: 0.9311;

Target price levels: 0.9256, 0.9212.