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EUR/CHF Trading Analysis (23/11/2023)

23.11.2023

Market Review

The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The sloping channel of the descending wave structure is truncated.

EUR/CHF chart as of 23/11/2023 with technical indicators

Trading idea:

Buy at the formation of the ascending wave structure.

Stop-Loss: 0.9612.

Target price level: 0.9680.

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

Author: GC
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