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CAD/JPY Trading Analysis (15/07/2024)

15.07.2024

Market Review

The trend is ascending. The downward wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold condition.

Trading analysis:

Buy when the formation of the upward wave structure begins, when the wave A breaches the sloping channel of the downward truncated structure.
Stop-loss at 115.460.
Price targets at 116.950 and 117.800.

#cadjpy #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC

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