GBP/CHF - Long @ 1.6072 - Risky but may be worth it

Ok folks this trade is a risky one as I'm breaking my own rule here!!!

My stop is set 200 pips below and I'm actually expecting it to get taken out. The CHF is a strong currency and a great barometer of the markets in general

I took a nice short on this pair at the 170's netting several hundreds of pips - I'm in this long as I think the pound is going to head lower against the frank - so why did I go long then? Well sometime I'm a contrarian even to myself. when I think something is going up I sometimes do the opposite as many of us are wrong about the market why not do the other side instead.

This trade is not a recommendation for others it's simply a contrarian trade against my personal feelings about the pair. I expect to lose on this one - But... The pound is heavily oversold against all pairs and is due for a bounce back up.

That probably wont' happen until my stop gets hit :-P