A bullish engulfing pattern had formed on the GBP/CHF pair. This went through the 200 sma (red line) SurpriseBox that had been broken to the upside. My stop is at the 1.5400 area. Target about 1.5900 area.
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
