GBP/CAD Trading Analysis (16/11/2023)

The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the formation of the ascending wave structure, when the A-wave breaches the sloping channel of the downward truncated structure.

Stop-Loss: 1.6962.

Target price levels: 1.7050, 1.7120.

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