GBPCHF SHORT

٢٩ فبراير ٢٠٢٠

Price has been on a consistent downtrend on all timeframes in addition to a head and shoulders pattern whose neckline was just broken. In addition, it has just recently broken through the 200EMA on both the 4H and Daily tf indicating we are looking for shorts. In order to enter this, I would like to see a pullback to the broken neckline in addition to a retrace to the 50-61.8% retracement zone; at this point i would like to see price reach overbought conditions including rejection candles in order to short.