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AUD/CHF Trading Analysis (10/11/2023)

10.11.2023

Market Review

The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator.
 

AUD/CHF chart as of 10/11/2023 with technical indicators

Trading idea:

Buy at the formation of the ascending wave structure, when the A-wave breaches the sloping channel of the descending truncated structure.

Stop-Loss: 0.5735.

Target price levels: 0.5820, 0.5850.

#audchf #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC
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