Should price action for the USDCHF remain inside the 105.10 to 105.50 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 105.30
- Take Profit Zone: 101.20 – 101.60
- Stop Loss Level: 107.00
Should price action for the USDJPY breakdown below 105.10 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: 101.20 – 101.60
- Stop Loss Level: 107.00
Should price action for the USDJPY breakout above 105.50 the following trade set-up is recommended:
- Timeframe D1
- Recommendation: Long Position
- Entry Level: Long Position @ 105.60
- Take Profit Zone: 107.10 – 107.40
- Stop Loss Level: 104.60
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