GBPCHF has given a good breakout from the ascending triangle pattern, as shown in the chart. It has achieved the first target after the breakout, from resistance level price is getting pulled back towards the resistance zone of the ascending triangle pattern. From the current level, the resistance zone will target 1 for the short side. One can initiate a trade for short with proper risk management and stop loss.

 Thanks

Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.