GBP/CHF: Long @ 1.6270 Is up 250+ pips

GBP/CHF long entry at 1.6270 is doing well right now and I'm hopeful that it will return to it's previous range level. It may not however, and thats why I use profit stops. After entering a short previously which was completely wiped out as the GBP fell off a cliff I was tempted to take a short but this is why I'm patient. Patients always pays off.

For now on this pair I'm long at 1.6270 and I'm up I will stay in the trade as long as my stop isn't hit. The pound is again heavily oversold against the CHF and I'm feeling it's going to visit it's previous trading level near the 1.70 area at some point. Just never sure WHEN. hmmmm. Mayber I should get a crystal ball.