CAD/CHF Trading Analysis (15/05/2024)

The trend is descending. The currency pair is traded in the range between 365 and 135 ЕМА. The ascending wave structures are truncated. There is a bearish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator are out of the overbought zone. The Pivot 2 of the ascending structure is truncated.

Trading idea:

Buy at the breach of 0.66336.

Stop-Loss at 0.66536.

Target price levels at 0.66150 and 0.66032.

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