years on the market

USDCHF analysis 13.02.2020

The price pivot zone of 0.9790 holds back buyers. A bearish divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator signals overboughtness. An ascending truncated pattern of the H4 level was formed. The lower boundary of the Ichimoku cloud serves as the resistance level.

 Trading recommendations:

Buy while a descending pattern is forming, where the wave (A) breaks through the inclined channel of the ascending truncated pattern of the H4 level.

Stop loss: 0.9790.

Target levels: 0.9720; 0.9681; 0.9623.

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