This bullish pennant formed on the GBP/CHF @ D1 offers a bullish breakout opportunity. The pennant and its pole are marked with the yellow lines. My potential entry level is the cyan line. My potential take-profit level is the green line. I will set the stop-loss to the low of the breakout candle (not shown).
Long entry triggered at 1.26633 on September 17 at 5:56 UTC. SL = 1.26202, TP = 1.29491.
Trade closed: stop reached:
SL reached today at 8:59 UTC.
You can find a lot of detail about my trading ideas in my blog - https://www.earnforex.com/blog/ You will also find useful tools to find, build, and trade similar patterns - all completely free.