GBP/CHF Trading Analysis (22/07/2024)
The trend is ascending. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator. The breach of 1.14875 will begin the formation of the ascending wave structure.
Trading idea:
- Buy at the breach of 1.14875.
- Stop-loss at 1.14500.
- Target price levels at 1.15300 and 1.16180.
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