08.06.2021
The descending wave pattern is truncated. The 365 and 135 moving averages signal an upward movement. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.
GBPCHF rate online: monitor the price movement in real time.
Trading idea:
Buy the pair when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the truncated descending pattern.
Stop loss under the local minimum of the descending pattern.
Target levels: 1.2750; 1.2780; 1.2798.
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