GBP/CHF: Long Stopped out for 200 Pips Profit - Looking for Re-Entry

My Long GBP/CHF trade was doing ok after weekend pause and shortly after the London session opened it began to fall and has ony recently started to bounce back. The trend is down but I missed my short (as I was long) when it took the tumble from 1.70 area to these recent lows of 1.60-63. I re-entered long as the selling momentum fizzled. I'm long at 1.6149 and my stop is 200 pips below at 1.5949

With the selling action that has been going on with the GBP I'm confident that these new low levels will present a new range to trade in for the next while. Given the heavily oversold daily and weekly charts I'm still long on this pair as I see more upside potential than downside profits.