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AndriyMoraru

Bearish Pennant on GBP/CHF @ W1

Short
British Pound / Swiss Franc (FX:GBPCHF)  
AndriyMoraru Updated   
FX:GBPCHF   British Pound / Swiss Franc
Chart Patterns Pennant chartpatterntrading breakout Bearish Pennant
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chartpattern pennant chartpatterntrading breakout bearishpennant
This bearish pennant pattern has formed on the weekly GBP/CHF chart amid a notable downtrend. The pole and the pennant borders are show with the yellow lines. The stop-loss level (the red line at 1.18001) is set to the highest point of the pennant part. The take-profit level (the green line at 1.11503) is set to the pole's length subtracted from the stop-loss level. I will open a trade only if the currency pair closes significantly below the pennant's lower border.
Trade active:
Short trade entered at 1.14223 with SL=1.18001 and TP=1.11503 today at 00:00 UTC.
Trade closed: target reached:
TP reached today at 14:12 UTC.
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