years on the market

EURCAD analysis

EURCAD

The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. The descending wave pattern is probably the wave (B) of the ascending pattern.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern.

Stop loss under the local minimum of the descending pattern.

Target levels: 1.4816 (a trap for pro); 1.4876.

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