EUR/CHF Trading Analysis (16/04/2024)

The trend is ascending. The bears are testing the 200 EMA on the H4 timeframe. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold state.

Trading idea:

Buy when the formation of the ascending wave structure starts, when the wave A breaches the sloping channel of the downward truncated structure.

Stop-Loss at 0.9676.

Target price levels at 0.9763 and 0.9820.

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