GBP/CHF - Still looking for a Long Entry Near 1.75 area

The GBP/CHF is still heading down and I'm still waiting for it to get to a level I like. That level is the 1.75 area or lower if possible. The chart is showing some downward movement still so I'm not about to jump in yet. Missing the short opportunity I'll be patient and wait for the best possible Long price I can get.

One of the reason I love trading the pound is that the movements are sometime HUGE and that's my style of trading. I prefer to risk 200 - 300 pips on the pound because I know it very well and when it's cheap I'm always looking for LONGS. On the other side Shorting the pound can be really profitable as well. Just remember to use a tighter stop on the short side and NEVER short it at the bottom of a trading channel because you will certainly be taken out hard and fast.