This rectangle pattern on the W1 chart of GBP/CHF offers a breakout trading opportunity. The borders of the rectangle are marked with the yellow lines. My entry levels are where the cyan lines are. My potential take-profit levels are at the green lines. Stop-loss can be set to the low/high of the breakout candle (not shown on the chart).
Trade active:
Long position opened today at 5:55 UTC. Open price = 1.22619, SL = 1.21033, TP = 1.27980.
Comment:
TP hit today at 01:02 UTC.
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