22.12.2021
The ascending wave pattern is truncated. The inclined channel of the ascending pattern is breached. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold conditions.
GBP/CAD rate online: monitor the price movement in real time.
Trading idea:
Sell when the descending wave pattern is formed.
Stop loss is over the resistance level 1.7154.
Target levels – 1.6945; 1.6650.
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