CHFGBP short-term bearish signal from descending triangle
Updated
We can see a descending triangle here with at least 2 nice touch points on both lines.
I am looking to follow either of the two paths drawn and to enter in the green area. Profit target is based on previous structure support - there is strong structure levels in the late December 2015/early 2016 area at around 0.6740. Any movement back above the horizontal support level I would consider dangerous.
I am looking to follow either of the two paths drawn and to enter in the green area. Profit target is based on previous structure support - there is strong structure levels in the late December 2015/early 2016 area at around 0.6740. Any movement back above the horizontal support level I would consider dangerous.
Trade active
0.6817 reachedTrade closed: stop reached
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