USDCHF analysis 16.07.2020
The overall trend is downward. The ascending H1 level pattern is currently truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator indicates an overbought condition.
#USDCHF rate online: monitor the price movement in real time.
Trading recommendations:
Sell when a descending wave pattern is formed, where the wave (aS) breaks through the inclined channel of the ascending pattern.
Stop Loss beyond the local maximum.
Target levels: 0.9424; 0.9370.
