GBP/CHF analysis, chart, and trading idea

The ascending wave pattern is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought conditions.

Trading idea:

Sell then the descending wave pattern is formed, where wave A breaches the inclined channel of the ascending truncated pattern.

Stop Loss is above the local maximum of the ascending pattern (1.3830).

Target levels: 1.1250; 1.1170.

Author: GC
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