EUR/CHF Trading Analysis (20/12/2024)
The trend is up. The stock trades between 365 and 135 EMAs. The bearish wave structures are truncated. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy at the beginning of the formation of the ascending wave structure, when wave A breaks the sloping channel of the descending truncated structure.
- Stop-loss at 0.93015.
- Price targets at 0.93420 and 0.93830.
#eurchf #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
