CHF/JPY Trading Analysis (30/09/2024)

The trend is ascending. The downward wave structure is truncated. The currency pair is traded in the range between 365 and 135 EMA. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.

Trading idea:

• Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.
• Stop-loss under the local minimum of the downward truncated structure.
• Price targets at 170.200 and 172.400.        

#chfjpy #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor