13.10.2023
The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator are out of the oversold zone.
Trading idea:
Buy at the formation of the ascending wave structure, when the A-wave breaches the sloping channel of the descending truncated structure.
Stop-Loss is under the local minimum of the descending structure.
Target price levels: 0.6673, 0.6730.
#cadchf #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
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