informedtrades
Short

Reversal Candlestick Forming Off Resistance

FX:GBPCHF   British Pound / Swiss Franc
19 0 0
In addition to the downward channel we're seeing, which I interpret as the key sign confirming price is in a downtrend, we're seeing what looks like a reversal candlestick on the daily chart (still in formation, at the time of this writing) appearing after a pullback to resistance. I'm short at 51955, with my stop at 52528 and my target profit at 49773. This gives me a reward/risk of over 3.8.

Learn more about trading: http://bit.ly/15NBR79
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out