16.04.2024
The trend is ascending. The bears are testing the 200 EMA on the H4 timeframe. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator, and Stochastic Oscillator signals the oversold state.
Trading idea:
Buy when the formation of the ascending wave structure starts, when the wave A breaches the sloping channel of the downward truncated structure.
Stop-Loss at 0.9676.
Target price levels at 0.9763 and 0.9820.
#eurchf #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
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