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EUR/CHF Trading Analysis (19/09/2024)

19.09.2024

Market Review

The trend is descending. The resistance level at 0.9440 curbs the buyers. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.

Trading idea:

Sell when the formation of the descending wave structure begins, when the wave A breaches the sloping channel of the upward truncated structure.
Stop-loss at 0.9440.
Price targets at 0.9354 and 0.9310.

#eurchf #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC

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