CHF/JPY Trading Analysis (20/05/2024)

The trend is ascending. The currency is traded in the range between 365 and 135 ЕМА. The downward wave structure finished with the breach of the sloping channel. The Stochastic Oscillator signals the oversold state. The entry point at the pullback B is forming.

Trading idea:

Buy at the breach of 171.490.

Stop-Loss at 170.82.

Target price levels at 171.83 and 172.65.

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