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EUR/CAD Trading Analysis (29/09/2024)

29.10.2024

Market Review

The bulls tested the upper boundary of the descending channel. The ascending truncated wave structure ended with the breach of the descending channel. There is a bearish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an overbought condition.

EUR/CAD Forex price chart

Trading idea:

  • Buy at the breach of 1.5005.
  • Stop-loss at 1.5045.
  • Price targets at 1.4964 and 1.4900.

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

Author: GC
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