USD/CHF Trading Analysis (21/05/2024)

The trend is descending. The currency pair is traded in the range between 365 and 135 ЕМА. The ascending wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.

Trading idea:

Sell when the formation of the descending wave structure begins, when the wave A breaches the sloping channel or the ascending truncated structure.

Stop-Loss at 0.9117.

Target price levels at 0.9050 and 0.9000.

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