12.04.2024
The trend is ascending. The currency pair is traded in the range between 365 and 135 EMA. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator, and Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the formation of the ascending wave structure, when the wave A breaches the sloping channel of the downward truncated structure.
Stop-Loss at 1.4666.
Target price levels at 1.4734 and 1.4763.
#eurcad #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
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