GBPCHF inside bar short opportunity

63
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.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.