GBPCHF is forming a symmetrical triangle in hourly chart as of Nov, 24th, 2009, 2 AM. Since the trend is downwards if it breaks downwars with a strong bearish candlestick then I would like to enter the short trade. What do you guys think of this trade? Check the picture.
GBPCHF forming symmetrical triangle:
The above is a GBPCHF hourly graph forming a symmetrical triangle
The above is a GBPCHF hourly graph forming a symmetrical triangle
GBPCHF broken the symmetrical triangle in downward direction and retraced back. Since the overall trend is downwards entered a short trade. what do you say?