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CAD/JPY Trading Analysis (28/11/2023)

28.11.2023

Market Review

The trend is ascending. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

CAD/JPY chart as of 28/11/2023 with technical indicators

Trading analysis:

Buy at the formation of the ascending wave structure.

Stop-Loss: 108.77.

Target price levels: 109.60, 109.96.

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

Author: GC
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