AidanMDang
Short

SHORT GBPCHF Continues Downward to Test 1.272 Extension AB=CD

OANDA:GBPCHF   British Pound / Swiss Franc
GBPCHF is continuing to fall as predicted in my previous idea:



After reversing off of the .5 fib retracement, I expect the pair to continue downward to the 1.272 extension of the most recent bearish impulse leg.

We also have a potential ABCD Pattern forming, with the D point converging with the 1.414 extension of the recent bearish impulse leg.

Trade:
Sell at market
Stop above .5 retracement
Take Profit at 1.272 Extension
Trade closed: target reached
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