16.11.2023
The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the formation of the ascending wave structure, when the A-wave breaches the sloping channel of the downward truncated structure.
Stop-Loss: 1.6962.
Target price levels: 1.7050, 1.7120.
#ngbpcad #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
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