USD/CHF Trading Analysis (31/01/2025)
The trend is down. The currency pair is trading in the range between 365 and 135 ЕМАs. The ascending wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought condition.
Trade idea:
- Sell at the beginning of the formation of the bearish wave structure, when wave A breaks the sloping channel of the ascending truncated structure.
Stop-loss above the local maximum of the ascending truncated structure. - Price targets at 0.9050 and 0.8970.
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