CAD/JPY Trading Analysis (19/12/2023)
The trend is descending. The ascending truncated wave structure develops within the interval between 365 and 135 ЕМА. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
Trading analysis:
Sell at the formation of the downward wave structure, when the wave A breaches the sloping channel …