[TW] 08-29-2011 Short EUR/CHF by Donnapinciotti

Long or Short: Short

Entry Point: 1.1425 (market price)

Stop Loss: 1.1600

Profit Target/s: 1.0300 but I may add along the way

Reward-to-risk Ratio: over 6.4:1

Risk percentage: 1%

Indicators used: Fibonacci

Trade Rationale:
-price is finding resistance at 61.8% Fibo
-price is making double top on Fibo
-risk aversion
-expecting positive data from Switzerland

Trade Adjustments: I’m gonna move my stop loss to breakeven when I open another position around 1.1200