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GBP/CHF Analysis, Chart, and Trading Idea

Analytics for GBP/CHF Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels

The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The downtrend wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

Trading idea:

Buy at the formation of the upward wave structure, where the (A) wave breaches the sloping channel of the descending truncated structure;

Stop-loss: 1.1227;

Target price levels: 1.1350, 1.1410.

Author: GC
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