[TW] 04-16-2012 USD/CHF Long by Jabroni

[B]USDCHF 4H[/B]

[B]Long or Short: [/B]LONG

[B]Entry Point: [/B]MARKET (.9127)

[B]Stop Loss:[/B] .9080

[B]Profit Target/s:[/B] .9200

[B]Reward-to-risk Ratio:[/B] 1.55:1

[B]Risk percentage:[/B] 1%

[B]Indicators:[/B] 100SMA (red line), 50% Fibo

[B]Trade Rationale:[/B] retracement play on USDCHF with support at .9100 (50% Fibo area and 100 SMA). nice reversal candlesticks pattern on 4H