GBpchf head n shoulder governing pattern with Ascending triangle
Updated
GBPCHF is showing us with interesting patterns that will provide a good risk to reward trade. first we have the Head and shoulder which dictated price downwards. now it seems we have a support base formed and an ascending triangle price pattern with double bottom and inside bar.
We will sneak in a buy stop above the high of the inside bar with first target at the resistance of the ascending triangle
We will sneak in a buy stop above the high of the inside bar with first target at the resistance of the ascending triangle
Trade active
trade activated at 1.1985stop loss @ 1.191
TP@ 1.22
Trade closed manually
Trade manually closed at 1.2104 due to bearish pressure setting in around 1.2163... gained for 119 pip gain
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