FX:GBPCHF British Pound/Swiss Franc
GBPCHF is clearly in an uptrend, as the channel on the chart illustrates. We've pulled back 50% from the recent swing low to swing high, and are consolidating at a here. This consolidation after a pullback is what intrigues me, and led me to go long at 5245 with my stop at 5200. I'm targeting 5380, the top of the , as the point to take profit and exit.