GBP/CHF chart, analysis, and trading idea

The trend is descending. The ascending wave structure is truncated. Awesome Oscillator indicator shows bearish divergence, and Stochastic Oscillator indicator signals overbought.

Trading idea:

Sell on the formation of a descending wave structure, where wave (A) breaks the inclined channel of the ascending truncated structure.

Stop Loss: 1.1350.

Target levels: 1.0900; 1.0550.