EURCAD analysis 06.08.2020

EURCAD analysis 06.08.2020

The overall trend is upward. The descending H2 level pattern is truncated. Awesome Oscillator indicates a bullish divergence. A breakout of the resistance level of 1.5783 will result in the formation of an ascending wave pattern within the overall uptrend.

Trading recommendations:

Buy above 1.5783.

Stop Loss: 1.5683.

The target is 1.5975.

If the support level of 1.5683 is breached, cancel the trading plan.