[TW] 05-07-2012 USD/CHF Short by Pinggwyn

Long or Short: Short
Entry Point: .9240 (top of the range)
Stop Loss: .9320 (above the previous high)
Profit Target/s: .9075 (bottom of the range)
Reward-to-risk Ratio: around 2:1
Risk percentage: 1%

Trade Rationale:
Technical - Possible resistance near .9250 and top of a range

Fundamental - Weak US data, QE3 propects

Trade Adjustments:
I might enter at market if price shows reversal signals below .9240. I’ll also think of adding another position if my trade idea works out