GBP/CHF- Update! Profit Booked 560+ pips - Short Taken at 1.8135 - Stop lowered to 1.8085 (+ 50 pips)

Ok so the GBP/CHF Long has fizzled and I took profits of 569 Pips. Not to bad. I hope readers took that long with me and made some profits!

As a result of taking profits I also entered a short. Now the short is profitable by 300+ pips. I initially entered the short a bit queezy about the direction since there was a lot of steam and head room left for the pound to rise further so I used a 100 pip stop - I justified using this stop from the profits I booked on the long trade. So if it were to get hit and take me out it wouldn't be to painful since I had just booked 500+ pips I can afford to loose 100 on a good trade, if the stop was hit it wouldn't have been a good trade of course. I have lowered this stop to make it a free trade and a bit profitable should price swing higher in the next few days. I have a feeling that this pair will head back to the support zone of 1.75 area in the week ahead due to the impending GBP news releases to come out this week