USD/CHF, 4HR
Long or Short: SHORT
Entry Point: 9300
Stop Loss: 9330
Profit Target: 9230/9210
Trade Explanation: Have been trading in a descending channel which is playing out nicely, trading under 50% retracement from the February rally. Weak US data recently has been lighting the fuel to this down trend. Broke through a support at 9390 where it was bouncing off before and more recently support turned resistance level at around 9335. I have been short since 9348 with my stop at 9400. I have set target of 92.30/92.10 as it is the 61.8% retracement level and 9210 is previous level which has formed resistance and support
