AUD/CHF analysis, chart, and trading idea

The general trend is descending. The ascending wave structures are truncated. The Awesome Oscillator indicator shows bearish divergence, and the Stochastic Oscillator indicator signals overbought.

Trading idea:

Sell on the formation of a downward wave structure, where wave (A) breaks the inclined channel of the ascending truncated structure.

Stop Loss for the local maximum of the ascending structure.

Target levels: 0.6298; 0.6253.