08.11.2021
The five-wave downward wave structure has tested the lower boundary of the ascending price channel. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator signals oversold conditions. The mirror level 0.7314 holds the sellers back.
CAD/CHF rate online: monitor the price movement in real time.
Trading idea:
Buy when an ascending wave pattern is formed.
Stop Loss: below the mirror level 0.7314.
Target levels: 0.7375; 0.7443; 0.7490.
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