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GBP/CHF analysis, trading idea, and chart

02.11.2022

Market Review

The bulls tested the mirror level of 1.1576. The ascending wave structure ended with the breakdown of the inclined channel. Stochastic Oscillator indicator is signaling overbought.

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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