CAD/JPY Trading Analysis (15/05/2025)

The trend is ascending. The currency pair is trading in the range between 365 and 135 ЕМАs. The downward wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and moving averages of the Stochastic Oscillator signal oversold condition.

Trade idea:

• Buy at the beginning of the formation of the upward wave structure, when wave A breaks the sloping channel of the downward truncated structure.
• Stop-loss at 104.43 under the local minimum of the truncated structure.
• Price targets at 105.20 and 105.91.

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