A SurpriseBox near the 800sma, 200sma and 100sma was formed on the Gbp/CHF three hour chart. This box broke to the downside two days ago forming a head and shoulders pattern. A trade was placed using stop 1.50 and target 1.45. Position started at 1.4760. This trade hit its target yesturday. The latter was not previoulsy published by this site.
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.
