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EUR/CAD Trading Analysis (25/09/2024)

25.09.2024

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 an oversold condition.

Trading idea:

Buy when the formation of the ascending wave structure begins.
Stop-loss at 1.5000.
Price targets at 1.5093 and 1.5157.

#eurcad #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC

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