10.08.2023
The trend is descending. The currency pair is traded in the range between 365 and 135 EMA, heading down. The upward truncated wave structure finished with the breach of the sloping channel. There is bearish divergence on the Awesome Oscillator.
Trading idea:
Sell at 1.1136.
Stop-Loss at 1.1176.
Target price levels: 1.1094, 1.1066.
#gbpchf #gbp #chf #forex #forextrading #forextradingstrategies #forexmt5
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