WillOstuniLima

USD/CHF Waiting for pull back to get LONG

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
1
After price action since October 2013 has shown a series of lower lows and higher RSI readings USD/CHF broke up and reached 0.9035....Now I'm waiting for a pull back back into ~0.8845 to initiate LONG position. Target 1 is 0.9143 Stop 0.8695. Risk Reward Ration 3:1

50%-60.8% retracement is where I'd start loading up.0.8866 - 0.8827. STOP: 0.8690. I have defined 3 initial targets.
Good luck trading
Will.
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