GBPCHF Long

Note
-GBPCHF showing signs of reversal after intraday rejection of lower price (long daily wick) by forming a reversal candlestick pattern (Pinbar/Spinning top/Indecision) AT SUPPORT
-GBPCHF at trendline support
-GBPCHF showing bullish divergence on 4H time frame
-Stochastic severely oversold at support

Entry
-Keep enough distance above the high of the reversal daily candle to confirm a transition of power from bears to bulls

Stop
-Below the low of the daily reversal candle

Target
-2 times stop

Risk Management
-Risk 1% to 2% of capital
-Ratio: 2:1