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francesgurton

Bearish Pennant AUD/CHF

Short
Australian Dollar / Swiss Franc (FX:AUDCHF)  
francesgurton  
FX:AUDCHF   Australian Dollar / Swiss Franc
Chart Patterns Technical Indicators aud chf AUDCHF Bearish Patterns Bearish Pennant short Forex
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chartpattern indicator aud chf audchf bearish bearishpennant short forex
On the H4 chart, we can see a bearish pennant forming.

A bearish pennant is a bearish continuation pattern.

Before entering a short position, I will wait for confirmation by a break in the support trend line. I will also be checking the indicators for cross overs (RVI, and MACD) to show signs of a bearish move and potential overbought regions of the RSI.

I am new to trading, so I am open to any feedback.
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