New short trade FTSE 100

I've spotted a potential Fibonacci funnel setting up on the FTSE100 cfd.   I've taken an earlier entry than normal.

The benefit of this is that it reduces my risk by some 35 points....and of course, would increase my R:RR significantly if the trade is successful.

However, the downside is that by taking the entry early, I could be wrong in my view that this will be a Fibonacci funnel...only time will tell.