We spotted a breakout of a major key daily level last week on GBPCHF. On a retest of a broken structure, we were looking for opportunities to short the market.
The confirmation that I spotted on 4H time frame was a rising wedge pattern. I was patiently waiting for its support breakout to then sell on a retest.
Once the trade was opened, the market dropped sharply. The trade already gave 117 pips and still remains active. Lets hope that the pair will go even lower.
Did you catch this trade?
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