11.01.2021
The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. The ascending pattern of the H4 level is currently truncated. A bearish divergence has formed on Awesome Oscillator.
USDCHF rate online: monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated pattern of the H4 level.
Stop loss: beyond the local high of the H4 level pattern.
Target levels: 0.8821 (price pivot zone); 0.8758.
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