USD/CHF Trading Analysis (26/06/2024)

The trend is down. The pair is trading in a range between 365 and 135 ЕМА. The ascending wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought condition. 

Trading idea:

Sell when the formation of the downward wave structure begins, when the wave A breaches the sloping channel of the ascending truncated structure.

Stop-loss is over the local maximum of the ascending structure.

Price targets at 0.8900 and 0.8850.

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