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IroncladInvestments
Apr 1, 2018 5:29 PM

GBPCHF BEARISH GARTLEY PATTERN  Short

British Pound/Swiss FrancFXCM

Description

Price is currently at pre Brexit levels and is struggling at a major resistance. We can see multiple patterns suggesting downside movement, a double top, a breakout of the ascending channel which support is now acting as resistance and a bearish gartley pattern has formed. We have also noticed on the smaller timeframes a breakout of an ascending channel so we will be looking for an entry to short this pair when market opens.

Trade closed: stop reached

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