USD/CHF Trading Analysis (31/01/2025)

The trend is down. The currency pair is trading in the range between 365 and 135 ЕМАs. The ascending wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought condition. 

Trade idea:

• Sell at the beginning of the formation of the bearish wave structure, when wave A breaks the sloping channel of the ascending truncated structure.
  Stop-loss above the local maximum of the ascending truncated structure.
• Price targets at 0.9050 and 0.8970.

#usdchf #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor