FX:GBPCHF British Pound/Swiss Franc
Price is trending down. Price has retraced to a previous and also the 50% Fibonacci level. A small 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.