EUR/CAD Trading Analysis (29/09/2024)
The bulls tested the upper boundary of the descending channel. The ascending truncated wave structure ended with the breach of the descending channel. There is a bearish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an overbought condition.
Trading idea:
- Buy at the breach of 1.5005.
- Stop-loss at 1.5045.
- Price targets at 1.4964 and 1.4900.
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