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arieg1985

Possible Short Entry for USD/CHF_Trade Plan 2017.06.11

Short
U.S. Dollar / Swiss Franc (OANDA:USDCHF)  
arieg1985  
OANDA:USDCHF   U.S. Dollar / Swiss Franc
USDCHF short tradeplan
5
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usdchf short tradeplan
snapshot

D1 and H4 are both shows the overall trend is still down with price holding below MA200.
Currently, price bouncing back to previous support area turns to resistance 0.97037-0.97200 and rejected down.
Missed a little bit below planned entry area from previous Trade Plan.
Wait for another bounce back up to entry area and rejected down, before short the market.
With Stop Loss 35 pips and Target Profit 84 pips, the potential trade offers 2.40 Risk-To-Reward Ratio.
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