USD/CHF 4H (swing trade)
[B]Long or Short:[/B] Short
[B]Entry Point:[/B] 0.9300
[B]Stop Loss: [/B]0.9400
[B]Profit Target/s:[/B] ultimate target = 0.9000
[B]
Reward-to-risk Ratio:[/B] 3:1!
[B]Risk percentage:[/B] 2%
[B]Trade Rationale:[/B] 0.9300 is a tested and proven support and resistance level. this is most evident on the daily chart (check it for yourselves). basically, i think USD/CHF’s rally is already quite extended, overdone, and overdue for a pullback. 0.9300 is a level that almost never breaks down on its first test. although this is a swing trade, i don’t need a wide stop for it because 0.9300 isn’t prone to fakeouts.
[B]
Trade Adjustments: [/B]stop to BE when trade is positive by 80 pips. might exit early/cut position if chart patterns warrant adjustment.