AUD/CAD analysis, chart, and trading idea

The descending wave patterns are truncated. There is a bullish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator are out of the oversold conditions zone. The inclined channel of the internal truncated pattern is breached.

Trading idea:

Buy when the bullish candlestick (timeframe M30) closes above 0.8894.

Stop Loss: 0.8864.

Target levels: 0.8940; 0.8990.

Author: GC
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