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USDCHF analysis

18.08.2021

Market Review

USDCHF
The descending wave pattern is truncated. There is a bullish divergence on Awesome Oscillator. A breakout of 0.9153 will result in the formation of an ascending wave pattern, where the wave (A) has broken through the inclined channel of the descending truncated pattern.

USDCHF rate online: monitor the price movement in real time.


Trading idea:
Buy at the breakout of 0.9153.
Stop Loss under the local minimum of the descending pattern.
Target levels: 0.9238 (trap for pros); 0.9266.

Author: GC
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