28.09.2020
The overall trend is upward. The descending H2 level construction is truncated, and a bullish divergence has formed. The internal H1 level pattern is also truncated with the bullish divergence. Stochastic Oscillator signals an oversold condition. A reversal wave model is likely to form.
EURCAD rate online: monitor the price movement in real time.
Trading recommendations:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated H1 level pattern.
Stop Loss: below the support level of 1.5533.
Target levels: 1.5655; 1.5730.
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