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...
A double top has already formed no the GBPCHF 240 chart and we are good to go.
Reward to risk = 1.4/1.
Enter around 1.21069 - Entry reason: Bearish engulfing.
S.L. 1.21789
T.P. 1.20034
