USDCHF short.
USDCHF broke out of the upper channel and is now creating a bear flag. entry would be top of the flag or when it breaks to the downside.
Note
It's finally breaking to the downside as expected. I was too sure on this trade that I've entered earlier (1.01200), so I'm now in 20-25 pips profit. This is just getting started though, so enter your shorts now if you've not already done so.
Trade closed: target reached
1.0120 to 1.0040 = 80 pips banked. trade closed.
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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.