USD/CHF trading idea, technical analysis and chart

The trend is ascending. The currency pair is trading in the 365 and 135 EMA range. The descending wave structure is truncated. The Awesome Oscillator indicator shows bullish divergence, and the Stochastic Oscillator indicator signals oversold.

Trading idea:

Buy on the formation of an ascending wave structure, where wave (A) breaches the sloping channel of the descending truncated structure.

Stop Loss: 0.9736.

Target levels: 0.9855; 0.9965.

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