LewisGlasgow
Short

GBP/CHF - Bearish AB=CD

FX:GBPCHF   British Pound / Swiss Franc
What's up everyone, here we have GBP/CHF             with a bearish AB=CD pattern on the 4h chart.

The measurements for a valid AB=CD pattern are detailed below.
C: 0.618 - 0.786
D: 1.272 - 1.618

Excellent trading opportunity with over 1:3 risk to reward.

The D point may complete at 1.618 which is a key resistance level in the market.

A to B time completion is very similar to C to D with around 38/35 days and 173/153 price bars.

Feel free to connect with me on social media :)
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Hi, LewisGlasgow, great trade idea :). where is TP in ur opinion in this trade?
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LewisGlasgow MaciekAthlone
@MaciekAthlone, hey, first TP at the support level of the B point.
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Good timing, good ratio.
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LewisGlasgow MongkolchaiPetruecha
@MongkolchaiPetruecha, thank you! Makes perfect sense to short :)
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