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USDCHF analysis 03.04.2020

USDCHF

Stochastic Oscillator signals overboughtness. A bearish divergence has formed on Awesome Oscillator. Probably the ascending pattern is a wave (B) of the descending H4 level pattern.

Sell strictly while a descending wave pattern is forming, where the wave (aC) breaks through the inclined channel of the ascending pattern + bC = sell on the breakout (AC).

Stop Loss: 0.9900.

Target levels: 0.9500 (close ½ and move to breakeven); 0.9333 (138.2% Fibo)

The USDCHF rate online: monitor the movement of the pair in real time.

Author: admin
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