Confluence factors:
-Major down trend
-Fibo 38.1 and resistance zone retest
-50 EMA Retest
-Elliot Waves
-Flag retracement pattern after impulse

ONLY OPEN THE TRADE IF AN ENGULFING BEARISH BAR APPEARS IN THE CONFLUENCE ZONE

2hChart PatternschfFibonacciGBPGBPCHFSELLTrend AnalysisWave Analysis

Disclaimer