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CADJPY analysis 02.12.2019

A Bearish divergence has formed on Awesome Oscillator. The Stochastic Oscillator indicator signals overboughtness. Probably, the upward movement is a wave (B) of the downward pattern of the D1 level.

Trading recommendations:

Sell while a descending pattern is forming, where the wave (AU) breaks through the inclined channel of the ascending pattern, completing it.

Stop Loss for local maximum (82.62).

Target levels: 81.92; 81.30.

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