Pair & time frame: USD/CHF 4-hour
Long or short: Long
Indicators used: Fibonacci & RSI
Chart:
Trade rationale: USD/CHF made a strong rally this week and it looks like the pair is pulling back before heading any higher. The Fibs show that the 61.8% level lines up with the .9300 level. This was a former resistance level and could act as support now.
Entry: Long at .9300
Stop loss: 100-pip trailing stop
Profit target: .9500