A break of sideways consolidation may open up a shorting opportunity for this trade. Harmonic Patterns Trader can look for Bearish Pattern to engage the trade, structure traders could wait for retest of resistance to engage the trade.
Using Bearish Gartley to engage this trade, a possible extension to a lower price from a bearish pennant pattern. Exact trade Entry, Stops and Targets sent to my subscirbers.
After the break of sideways consolidation, on the 1 hourly chart, the sell zone is formed. Perfect scenario for me is to wait for a harmonic pattern to engage this trade. Video Analysis can be found on our facebook page.
on the gbp/chf market, there seems to be sideways consolidation....price has touched resistance and is expected to drive lower hopefully. waiting for the breakout of the the treadline so I could place a sell stop.