GBP/CHF Trading Analysis (03/11/2023)

The trend is descending. The ascending truncated wave structure tested the upper border of the descending price channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
 

Trading idea:

Sell at the formation of the descending wave structure, where the A-wave breaches the sloping channel of the ascending truncated structure.

Stop-Loss: 1.1065.

Target price levels: 1.0950, 1.0850.

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