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CHFGBP short-term bearish signal from descending triangle

Short
SWISS FRANC / BRITISH POUND (FX_IDC:CHFGBP)  
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FX_IDC:CHFGBP   SWISS FRANC / BRITISH POUND
CHFGBP Descending Triangle Forex forexsignals forexpositive forextradingzones analysis Harmonic Patterns short structure support shortsetup downtrend Fibonacci Head and Shoulders chf GBP switzerland britishpound Bearish Patterns Cypher Volatility breakout Moving Average Convergence / Divergence (MACD) Elliott Wave Moving Averages trading reallifetrading Elliott Wave waves
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chfgbp descendingtriangle forex forexsignals forexpositive forextradingzones analysis harmonicpatterns short structure support shortsetup downtrend fibonacci headandshoulders chf gbp switzerland britishpound bearish cypherpattern volatility breakout macd elliottwaves movingaverage trading reallifetrading elliottwaves waves
We can see a descending triangle here with at least 2 nice touch points on both lines.

I am looking to follow either of the two paths drawn and to enter in the green area. Profit target is based on previous structure support - there is strong structure levels in the late December 2015/early 2016 area at around 0.6740. Any movement back above the horizontal support level I would consider dangerous.
Trade attivo:
0.6817 reached
Trade chiuso: stop raggiunto

Idee correlate

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Possible trend continuation from descending triangle
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CHFGBP bullish falling wedge
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