CHF/JPY Trading Analysis (13/02/2025)
The trend is descending. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition. The sloping channel of the ascending truncated structure has been breached.
Trade idea:
- Sell when the formation of the descending wave structure begins.
- Stop-loss at 169.480.
- Price targets at 168.200 and 166.800.
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