AUD/CAD Trading Analysis (28/10/2024)

The downward wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition. The reverse model 'Boguraev's Matryoshka' is forming.

Trading idea:

• Buy at the beginning of the formation of the ascending wave structure, when wave A breaks the sloping channel of the descending truncated structure.
• Stop-loss at 0.9148.
• Price targets at 0.9280 and 0.9372.

#audcad #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor