GBP/CHF Trading Analysis (03/02/2025)
The trend is ascending. The currency pair is trading in the range between 365 and 135 ЕМАs. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy when the formation of the ascending wave structure begins, when wave A breaks the sloping channel of the descending truncated structure.
- Stop-loss at 1.1227.
- Price targets at 1.1266 and 1.1317.
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