I posted this for a possible london close sell scalp. It's possible we get a good amount of downside from here, but also may not. Gchf looks to have completed a diagonal pattern and is on it's way down (big picture). I am just showing you that you need to know possible scenarios in order to enter and manage a trade properly. It retraced 50%, but could retrace 62%, even more. Can make some different patterns, you gotta know your patterns (your w-x-y's, your ending and leading diagonals, other than just flats, zig zags, and basic triangles) but looking for the sell to break out of bottom trend line
and to the downside (longterm). You see my outlined zones for possible entries, but it is not just about the levels, it's the patterns it makes at or leading up to them.