Should price action for the USDCHF remain inside the 0.9490 to 0.9530 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position 0.9510
- Take Profit Zone: 0.8780 – 0.8820
- Stop Loss Level: 0.9760
Should price action for the USDCHF breakdown below 0.9490 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 0.8780 – 0.8820
- Stop Loss Level: 0.9760
Should price action for the USDCHF breakout above 0.9530 the following trade set-up is recommended:
- Timeframe D1
- Recommendation: Long Position
- Entry Level: Long Position @ 0.9540
- Take Profit Zone: 0.9750 – 0.9790
- Stop Loss Level: 0.9430
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