USD/CHF currency pair analysis

The trend is descending. The currency pair is trading in the range of 365 and 135 moving averages. The ascending wave structure is truncated. Awesome Oscillator indicator shows bearish divergence, and Stochastic Oscillator indicator signals overbought.

Trading idea:

Sell on the formation of a downward wave structure, where wave (A) breaches the inclined channel of the ascending truncated structure.

Stop-loss over the local maximum of the ascending structure.

Target levels: 0.9555; 0.9480.