USDCHF 1H
Long or Short: SHORT
Entry Point: .9595
Stop Loss: .9645
Profit Target/s: .9500
Reward-to-risk Ratio: about 2:1
Risk percentage: 1%
Indicators: Fibo, 100 SMA (red line)
Trade rationale: i think we’re seeing a shift in sentiment for the dollar. usdchf has been trending down, and the .9600 area seems like a prime potential resistance. we can find the 100SMA, 61.8% Fibo, and trend line all lining up in this zone.
Trade adjustments: may consider exiting at the previous low around .9520