Bullish Flag on USD/CHF @ H4
Updated
This bullish flag has formed on the H4 chart of the USD/CHF pair inside a longer-term uptrend. It can work as a trend-continuation breakout signal if the price closes significantly above the flag's upper border without invalidating the pattern. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line (0.95237). My potential stop-loss level is marked with the red line (0.94088).
Trade active
Long trade entry triggered yesterday at 8:00 UTC with open price at 0.94459, SL = 0.94088, TP = 0.95237.Trade closed: target reached
TP hit yesterday at 22:15 UTC.
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