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CHF/JPY Trading Analysis (08/11/2024)

08.11.2024

Market Review

The trend is ascending. The currency pair is trading in the range between 365 and 135 EMA. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.

CHF/JPY Forex price chart

Trading idea:

  • Buy at the beginning of the formation of the ascending wave structure, when wave A breaks the sloping channel of the descending truncated structure.
  • Stop-loss at 174.780.
  • Price targets at 176.000 and 176.650.    

#chfjpy #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor                

Author: GC
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