Description
⋅ Seeing a continuation pattern forming on GBPCHF.
The ascending triangle is an indication of a continuation of a trend.
GBPCHF has been in a strong uptrend for a few weeks. We see an opportunity to jump in on this trend following a break out of the triangle at 1.2970.
This is nice risk-off trade, following the trend and keeping a nice tight SL just below the support of the structure.