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GBPCHF Long Trade Setup

Long
British Pound / Swiss Franc (FX:GBPCHF)  
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FX:GBPCHF   British Pound / Swiss Franc
Trend Analysis Chart Patterns Beyond Technical Analysis GBPCHF gbpchflong gbpchfanalysis gbpchflongsetup gbpchfbuy poundswissie poundswissy Bullish Patterns buytrade
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trendanalysis chartpattern beyondta gbpchf gbpchflong gbpchfanalysis gbpchflongsetup gbpchfbuy poundswissie poundswissy bullish buytrade
A bullish opportunity recently presented itself on the pound-swissy trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 1.11000 psychological level. A stop loss below the 1.10500 psychological level and a profit target anywhere between your entry and the swing high of 1.17791 could give you a reward-to-risk ratio as high as 4 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.

GBPCHF
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