GBPCHF short position - still running - target 4R

Good morning everyone,

sharing with you the principles I used to get this nice position on GBP/CHF.

The strong move visible on 4h chart caught my eye, signaling an unstable bullish environment. I entered on the 5m chart at pivot rejection + 50ema break. Price took a while to move and actually got against me for a while, then crashing pretty quickly.

My target is the Weekly 0.382 Fibonacci retracement

I'm really inspired to share with you guys the strategies that I'm using to successfully trade the markets and get consistent returns, get the first 2 lessons for free bit.ly/IPFreeEducation