USD/CHF Trading Analysis (30/07/2024)
The trend is down. The pair is trading in the range between 365 and 135 ЕМА. The ascending inner wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought condition.
Trading idea:
- Sell when the formation of the downward wave structure begins, when the wave A breaches the sloping channel of the ascending truncated structure.
- Stop-loss at 0.8874 over the local maximum of the ascending structure.
- Target levels at 0.8820 and 0.8780.
#usdchf #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
