22.09.2021
CADCHF
The descending wave pattern is truncated. The round secondary level of 0.7180 held back sellers. The Stochastic Oscillator signals oversold conditions. Probably the descending pattern of the H2 level is a wave (B) of the ascending wave pattern of the D1 level.
CADCHF 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.
Stop Loss is 0.7180.
Target levels: 0.7320; 0.7377.
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