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GBP/CHF analysis, chart, and trading idea

03.11.2022

Market Review

The bulls tested the mirror level of 1.1576. The ascending wave structure ended with the breakdown of the inclined channel. The stochastic Oscillator indicator signals overbought conditions.

Trading idea:

Sell on the breach of 1.1441.

Stop Loss: 1.1576

Target levels: 1.1250; 1.0920.

Author: GC
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