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francesgurton

GBPCHF - ascending Triangle

Long
British Pound / Swiss Franc (FX:GBPCHF)  
francesgurton  
FX:GBPCHF   British Pound / Swiss Franc
Trend Analysis Chart Patterns GBP GBPCHF continuationpatterns Ascending Triangle breakout trendfollowing
21
4
trendanalysis chartpattern gbp gbpchf continuationpatterns ascendingtriangle breakout trendfollowing
Seeing a continuation pattern forming on GBPCHF.

The ascending triangle is an indication of a continuation of a trend.

GBPCHF has been in a strong uptrend for a few weeks. We see an opportunity to jump in on this trend following a break out of the triangle at 1.2970.

This is nice risk-off trade, following the trend and keeping a nice tight SL just below the support of the structure.
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