03.11.2023
The trend is descending. The ascending truncated wave structure tested the upper border of the descending price channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
Trading idea:
Sell at the formation of the descending wave structure, where the A-wave breaches the sloping channel of the ascending truncated structure.
Stop-Loss: 1.1065.
Target price levels: 1.0950, 1.0850.
#gbpchf #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
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