[TW] 11-28-2011 USD/CHF Short by mynameisfez

USDCHF 4-hour

Long/Short: Short
Entry: .9200
Target: .9150, .9100
Stop loss: .9250
Potential R/R ratio: 1:1, 2:1
Indicators: None
Trade rationale: The pair looks like a rising wedge on the 4-hour. I think that the dollar’s rally is overextended. My plan is to wait for the pair to trade lower back to the .9200 area and short as the wedge will already be broken then.
Trade adjustment: Move stop to BE when 1st PT is hit.