GBP/CHF Trading Analysis (18/04/2024)

The trend is ascending. Bears tested the 200 ЕМА on the Н4 timeframe. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator shows the oversold state.

Trading idea:

Buy when the formation of the ascending wave structure starts, when the wave A breaches the sloping channel of the downward truncated structure.

Stop-Loss at 1.1316.

Target price levels at 1.1400 and 1.1450.

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