Long GBPCHF

TRADE #5

Price has broken the channel and heading to the the lower part of the channel. Which collides with another strong support area.

I am placing a Buy Order at 1.27000
Stop loss at 1.26450
Target - 134.600 ( at least )

Reasons for entry
1) 61% retracement
2) Last strong support
3) 161% extension of the previous move.