Fxprotrader
Short

GBPCHF: Bearish AB=CD Completion At Key Level

FX:GBPCHF   British Pound/Swiss Franc
Price has completed a bearish AB=CD pattern at a slide parallel of a downslope median line . RSI is overbought with a bearish divergence. Stoploss and profit targets as shown at the chart

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Trade closed: stop reached
Trade active: I will go short once again with this pair. It seems that it's rejecting the current level. The new setup offers a much better risk reward ratio

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It's very likely you'll get stopped out again. You're shorting against a trend.

Good luck!
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Fxprotrader InsideMarket
Thank you for your comment, but i believe i am shorting the end of an abc corrective pattern after an impulsive to the down
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I think as the reply above, this is what i saw earlier today. Flag pattern breakout. I think it's going up too, but that's come from a newbie :)
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+1 Reply
Fxprotrader Abozahra
Thanks for sharing
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this is my take on it
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Fxprotrader ValeriuV
Thanks for sharing
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