EUR/CAD Trading Analysis (29/08/2025)
The trend is up. The pair is trading between the 365- and 135-EMA. The downward wave structure is truncated. There is bullish divergence on both the Awesome Oscillator and the Stochastic Oscillator.
Trade idea:
- Sell when the descending wave structure begins forming and wave A breaks the sloping channel of the ascending truncated structure.
- Stop-loss at 1.6025.
- Price targets are 1.6115 and 1.6180.
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