Should price action for the USDCHF remain inside the 0.9190 to 0.9210 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ 0.9200
- Take Profit Zone: 0.9010 – 0.9030
- Stop Loss Level: 0.9250
Should price action for the USDCHF breakdown below 0.9190 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 0.9010 – 0.9030
- Stop Loss Level: 0.9250
Should price action for the USDCHF breakout above 0.9210 the following trade set-up is recommended:
- Timeframe H4
- Recommendation: Long Position
- Entry Level: Long Position @ 0.9220
- Take Profit Zone: 0.9300 – 0.9320
- Stop Loss Level: 0.9170
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