05.08.2020
The ascending wave pattern (H2) is truncated. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator indicates an oversold condition. The level of 88.2% on Fibo is not broken, which allows to assume that the upward pattern is a wave B (correction).
CADJPY rate online: monitor the price movement in real time.
Trading recommendations:
Sell strictly on the formation of a descending wave pattern.
Stop Loss for the local maximum (79.54).
Target levels: 78.80; 77.63.
If the level of 88.2% F. (79.84) is broken, cancel the trading plan.
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