QuileHills

GBPCHF Channel and Fib Resistance, Trend Support

Short
FX:GBPCHF   British Pound / Swiss Franc
16
The pair hit my fib resistance/channel resistance intersection and bounced back down.

I'm using a Sell stop as shown to take advantage of more channel movement for the pair uppon a break of my trend support (green) which would also coincide with the creation of a new low since the local peak.

R:R of position shown: 5

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