GBP/CHF Trading Analysis (15/12/2023)

The trend is descending. The ascending truncated wave structure finished with the breach of the sloping channel. The Stochastic Oscillator signals the oversold state. The breach of the 1.1048 level will result in the formation of the downward wave structure.
 

Trading idea:

Buy at the breach of the 1.1048.

Stop-Loss at 1.1080.

Target price levels at 1.1010 and 1.0960.

#gbpchf #gold #metalstrading #tradingstrategies #tradingmt5