Currently GBPCHF is bearing as it is below the 50 and 200EMA. It was in a consolidation channel and broke out to the downside quickly retracing and forming wick. If you notice on the 15 min chart it rejected out zone as well as the 50% level on on FIBS. Looking for a 1: 4.5 RR as stop loss was moved to (1.19583)
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