EUR/CHF Trading Analysis (19/09/2024)
The trend is descending. The resistance level at 0.9440 curbs the buyers. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trading idea:
- Sell when the formation of the descending wave structure begins, when the wave A breaches the sloping channel of the upward truncated structure.
- Stop-loss at 0.9440.
- Price targets at 0.9354 and 0.9310.
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