USDCHF analysis
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.
