USDCHF 4-hour
Long or Short: SHORT
Entry Point: .9530 (market)
Stop Loss: .9580
Profit Target/s: .9400, .9350
Reward-to-risk Ratio: 2.6:1, 3.6:1
Risk percentage: 1.5%
Indicators: Stochs (14/3/3)
Trade Rationale: Mainly technical play, USD/CHF is at its previous high. I think the rally is overdone and we'll see the pair trade lower soon.
Trade Adjustments: I'll move my stop to breakeven every 50 pips