03.09.2021
CADJPY
The ascending wave pattern is truncated. There is a bearish divergence on Awesome Oscillator, and the Stochastic Oscillator signals overbought conditions.
CADJPY rate online: monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated pattern.
Stop Loss for the local maximum of the ascending pattern.
Target levels: 86.58; 85.55; 84.80.
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