MarlyForex
Short

GBPCHF -- WAIT FOR SHORT CONFIRMATION!!

FX:GBPCHF   British Pound/Swiss Franc
86 2 11
-- Price has hit 61.8 Retracement coming off the bearish shark then turnt bullish

-- Price is in a descending channel which could influence buyers to come into market on hope of a break out however this does not guarantee a reversal.

-- I anticipate movement towards the upper trendline with a possible break
in the case this happens i would await confirmation to buy the breakout

-- On the other hand we have good structure. [ Bear Biased ] I will await a break below 61.8 to continue selling

Feedback Appreciated, Many Thanks
Comment: Half lots closed move stop to BE
Trade active
Trade closed manually: Closed 135 PIPS :)
hopefully will keep dropping man, nice
Reply
MarlyForex PRO aiadeadman
Hopefully mate
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