USD/CAD Trading Analysis (09/02/2024)

The trend is ascending. The downward wave structure is truncated. The currency pair is traded in the range between 365 и 135 ЕМА. There is a bullish divergence on the Awesome Oscillator.

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 3447.

Target price levels at 1.3520 and 1.3541.

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