GBP/CAD Trading Analysis (17/02/2025)

The trend is down. The rising truncated wave structure finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.

Trade idea:

Buy on the breach of 1.7806.

Stop-loss at 1.7880.

Price targets at 1.7730 and 1.7680.

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