Ascending Channel on USD/CHF @ H4

Another ascending channel - this time on H4 chart of USD/CHF. As usually, it represents a potential bearish breakout opportunity. The pattern's borders are shown with the yellow lines. My potential entry level is shown with the cyan line. My potential target level is the green line. Stop-loss will be set to the high of the breakout bar (not shown on the chart).

More information, tools, a chart template, and a free expert advisor to trade this pattern in automatic mode on
www.earnforex.com/bl...g-ascending-channel/

Trade active:

Entered short at 17:46 UTC with open of 1.0228, SL = 1.03093, and TP = 1.00897.

Trade closed: target reached:

TP hit at 1.00972 today at 13:06 UTC.