18.05.2020
The 0.6880 support level is holding back sellers. A truncated descending H2 level pattern has formed. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern.
Stop loss below the support level of 0.6880.
Target levels: 0.6986 (trap); 0.7030 (resistance level + 123.6% of A H4 level).
CADCHF rate online: monitor the movement of the pair in real time.
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