asiansupermarket

GBPCHF long bet on retracement or trend reversal 1h 3 week

Long
FX:GBPCHF   British Pound / Swiss Franc
Trade is set up a bit ahead of the usual entry because I believe we will have a trend reversal instead of a regular retracement. I am doing this early because the market is acting funny with the swiss franc so I think they are up to something (big overreaction).

If it does end up dropping more it will then be due for a retracement which would probably manage to reach the entry point for net 0.

Stop is set up below the big horizontal band of resistance.
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