I've just taken a new short trade on Capita Group. My setup is on the hourly chart. The price has been trending down in a clear channel. The current price action is in the middle of the channel and appears to be stalling at a confluence of the mid channel line and the 50% retrace of the last swing. Given that the market has had some selling pressure recently, the price may make some way toward the top, but I've taken my trade size on the basis of my money management strategy that will allow me to increase the size of my holding if the prices does rise to the top of the channel and I will continue to monitor the price action.
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