years on the market

USDCHF analysis 24.12.2019

The general trend is downward, as evidenced by 135 and 365 moving averages. A start fractal has formed below 135 moving average along with a signal fractal in the range of two moving averages. Awesome Oscillator shows a bearish divergence, and Stochastic Oscillator is moving from the overbought zone.

Trading recommendations:

Sell on breaking through start fractal - 0.9805.

Stop Loss over the stop fractal - 0.9831.

Target - 0.9780 (price pivot zone); 0.9716.

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