GBP/CHF - time for an early reversal?

20 gen 2019

With this pair we've seen a big move down over all the fundamentals at play with EU and Brexit situations happening in Europe. We are still holding here at tenken sen so I am looking for a technical indication for a chance to get into this bearish trend. There are a couple ways I could approach an entry here but I am going to look to enter on a break below our previous candle low. I've laid out a longer term swing trade target in the image, but I will also take partial profit to reduce my risk if we break below the recent price structure low at .8768. I do see kijun sen flattening out a bit which is typically a sign momentum is slowing, but that my just be the case since we had a really big move with the news. Still, something to watch as a move back up kijun sen will invalidate this trade setup.