GBP/CAD Trading Analysis (29/05/2025)
The trend is ascending. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy at the beginning of the ascending wave structure's formation when wave A breaches the sloping channel of the descending truncated structure.
- Stop-loss at 1.8585.
- Price targets are 1.8660 and 1.8680.
#gbpcad #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
