GBPCHF pin bar short opportunity

Price appears to be ranging on the daily time frame and down trend on the high time frames. Price has recently reached an resistance area that previously is known to contain strong selling momentum. A pin bar has formed indicating sellers have taken control over the past 24 hours and may be ready to push price back down to the next support area. Sell order entry could be placed half way of the pin bar and profit target at next area of support. Reward is 3:1

Order avbruten:

Order cancelled, price did not reach entry target