AUD/CHF Trading Analysis (27/11/2024)
The trend is up. The downward truncated wave structure ended with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator is out of the oversold zone. A breach of the 0.5745 level will initiate the formation of the ascending wave structure.
Trade idea:
- Buy on the breach of 0.5745.
- Stop-loss at 0.5719.
- Price targets at 0.5778 and 0.5827.
#audchf #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
