06.07.2023
The general trend is descending. The uptrend wave structure is truncated. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
Trading idea:
Sell at the formation of the descending wave structure, where the A wave breaches the sloping channel of the uptrend truncated structure.
Stop-Loss over the local minimum of the ascending structure (0.8233).
Target price levels: 0.8164, 0.8050.
#nzdcad #forex #forextrading #forextradingstrategies #forexmt5
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