GBP/CHF Head & Shoulders - Short

Sep 27, 2019

GBP/CHF H4 time frame making a head & shoulders pattern. Price is currently at key level support. If we break this support, we could find price moving to the downside. Potential 100+ pip if we can find good entry with confirmation.

Overall trend: Down
Stop Loss: ~1.2300
Entry: roughly 1.2190 zone
TP 1: 1.21200
TP 2: 1.20700

Sep 30, 2019

Note

Still waiting for price to break key level support before we make entry.

Oct 1, 2019

Note

Price approaching our entry. Let's wait for a break and hold around 1.2170!

Oct 3, 2019

Order cancelled

Head and Shoulders setup did not follow through.