CAD/JPY Trading Analysis (22/05/2025)

The bears are testing the level of 103.34 and forming a "triple bottom" figure. The downward wave structures are truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.

Trade idea:

• Buy when the ascending wave structure begins forming and wave A breaches pivot 2 of wave C at 103.555.
• Place a stop-loss under the local minimum of the descending structure.
• The price targets are 104.080 and 105.950.

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