USD/CAD Trading Analysis (23/06/2025)
The trend is decending. Bulls are testing the 200 ЕМА on the H4 timeframwe. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trade idea:
- Sell at the beginning of the formation of the descending wave structure, when the wave A breaches the sloping channel of the ascending truncated structure.
- Stop-loss at 1.3768.
- Price targets are 1.3688 and 1.3650.
#usdcad #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
