AUD/CHF Trading Analysis (01/11/2023)

The trend is descending. The uptrend wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
 

Trading idea:

Sell at the formation of the downtrend wave structure, when the A-wave breaches the sloping channel of the ascending truncated structure.

Stop-Loss over the local maximum of the ascending wave structure at 0.5772.

Target price levels: 0.5700, 0.5630.

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