Bullish Pennant on GBP/CHF @ D1
This bullish pennant formed on the GBP/CHF @ D1 offers a bullish breakout opportunity. The pennant and its pole are marked with the yellow lines. My potential entry level is the cyan line. My potential take-profit level is the green line. I will set the stop-loss to the low of the breakout candle (not shown).
Trade active
Long entry triggered at 1.26633 on September 17 at 5:56 UTC. SL = 1.26202, TP = 1.29491.Trade closed: stop reached
SL reached today at 8:59 UTC.
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You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.