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CAD/CHF Trading Analysis (09/10/2023)

09.10.2023

Market Review

The trend is ascending. The downward truncated wave structure finished with the breach of the pivot 2 of the wave C. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the bullish divergence too.

CAD/CHF chart as of 09/10/2023 with technical indicators

Trading idea:

Buy at the formation of the ascending wave structure.

Stop-Loss: 0.6636.

Target price levels: 0.6720, 0.6800.


#cadchf #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC
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