USD/CHF Trading Analysis (21/11/2024)
The trend is up. The pair is trading in the range between 365 and 135 ЕМАs on the H1 and M30 timeframe. The descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold condition.
Trading analysis:
- Buy at the beginning of the formation of the upward wave structure, when wave A breaks the sloping channel of the descending truncated structure.
- Stop-loss at 0.8820.
- Price targets at 0.88475 and 0.88600.
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