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GBP/CHF Trading Analysis (22/07/2024)

22.07.2024

Market Review

The trend is ascending. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator. The breach of 1.14875 will begin the formation of the ascending wave structure.

Trading idea:

Buy at the breach of 1.14875.
Stop-loss at 1.14500.
Target price levels at 1.15300 and 1.16180.

#gbpchf #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC

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