EURCAD analysis 25.06.2020
The ascending pattern of the H1 level is truncated. A bearish divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator indicator signals overboughtness. Probably the ascending pattern is a wave (B) of the descending pattern of the H4 level.
Trading recommendations:
Buy while a descending pattern is forming, where the wave (as) breaks through the inclined channel of the ascending truncated pattern of the H1 level, completing it.
Stop loss for the local maximum (1.5354).
Target levels: 1.5200; 1.5115.
The EURCAD rate online: monitor the movement of the pair in real time.
