NZD/CAD chart, trading idea, and analysis

The trend is descending. The currency pair is trading between 365 and 135 moving averages. The ascending wave structure is truncated. Awesome Oscillator shows bearish divergence, and Stochastic Oscillator indicator signals overbought.

Trading idea:

Sell on the formation of a downward wave structure where wave (A) breaks the inclined channel of the upward truncated structure.

Stop Loss: 0.7763.

Target levels: 0.7688; 0.7626.