USD/CHF Trading Analysis (17/10/2023)

The trend is ascending. The price is testing 200 ЕМА on the four-hours timeframe. The downward wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the formation of the ascending wave structure, where the A-wave breaches the sloping channel or the pivot 2 of the wave C of the descending structure.

Stop-Loss: 0.8984.

Target price levels: 0.9150, 0.9220.

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