GBPCHF - Bearish Engulfing

Updated
GBPCHF has formed a bearish engulfing on the weekly and daily time frames after an over-extended move up. A very strong Bollinger Band outbreak confirms this setup. RSI divergence on the H4 time frame. SL set above engulfing candle body high. TP set above previous support. I have entered short at the open of the market on 10/2/2017.
Note
H4 POV: snapshot
Candlestick AnalysischfDaily ChartsEngulfing CandleGBPGBPCHFMultiple Time Frame AnalysisshortsupportSupport and ResistanceWeekly Charts

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