Flagpole and pennant formation? short position.

FX:GBPUSD   British Pound / U.S. Dollar
A possible flagpole and pennant formation. Look to buy at the peak of the upper trend line . TP around 1.20.
Comment: Flagpole and pennant formation unfortunately didn't form as thought. The currency pair are now in an uptrend. Losses were taken. We move on and learn from our mistakes!