AUD/CHF Trading Analysis (17/12/2024)
The trend is descending. The currency pair is trading in the range between 365 and 135 ЕМАs. The upward wave structures are truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trading idea:
- Sell at the beginning of the formation of the descending wave structure.
- Stop-loss at 0.57020.
- Price targets at 0.56400 and 0.56000.
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