EURCAD analysis
The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions. Probably the ascending pattern of the H1 level is the wave (B) of the descending pattern of the H2 level.
EURCAD rate online: monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending pattern of the H1 level.
Stop Loss: 1.4800.
Target levels: 1.4673; 1.4618.
