17.11.2021
The descending wave pattern is truncated. The supposed corrective pattern of the H4 level tested 50% of the Fibo of the wave (A D1?). A bullish divergence has formed at the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions.
NZD/CAD rate online: monitor the price movement in real time.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern.
Stop Loss: below the support level (0.8771).
Target levels: 0.8930; 0.9015.
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