USD/CHF Trading Analysis (18/06/2024)

The downward wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The round secondary level 0.8880 curbs buyers. The reverse wave model 'Boguraev's Matryoshka' is forming.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the level of 0.8898 (pivot 2 of the wave C).

Stop-loss is under the round secondary level at 0.8880.

Price targets at 0.8932 and 0.8980.

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