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
earnforex.com/blog/usdchf-in-month-long-ascending-channel/
More information, tools, a chart template, and a free expert advisor to trade this pattern in automatic mode on
earnforex.com/blog/usdchf-in-month-long-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.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.