AUD/CAD Trading Analysis (28/06/2024)
The trend is ascending. The downward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trading idea:
- Buy when the formation of the upward wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.
- Stop-loss at 0.9090.
- Price targets at 0.9105 and 0.9131.
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