LewisGlasgow
Short

GBP/CHF - Bearish Bat (400+ Pips)

FX:GBPCHF   British Pound / Swiss Franc
Here we have GBP/CHF             on a 4h chart with a bearish bat harmonic pattern , as you can see price is approaching our D point for a potential reversal... I am looking for extra confirmation before entering this trade.

The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
Trade active: Entry: 1.25500

Last night I entered a position at the top of the channel shown below, I'm currently running in 80+ pips profit.

snapshot


Once price breaks out of this channel it's going to drop!!!
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