asferruzzi
Short

GBPCHF inside bar short opportunity

FX:GBPCHF   British Pound/Swiss Franc
51 0 5
Price is trending down. Price has retraced to a previous support area and also the 50% Fibonacci level. A small inside bar has formed at this significant level indicating indecision berween buyers and sellers which also indicates price may be ready to make a strong move once the buyers or sellers decide who is in control. The momentum is down therefore there is a probabilit that sellers will gain control. Entry could be placed half way of mother candle, and profit target placed at next major level of support. Risk reward is over 2:1.
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