Should price action for the USDCHF remain inside the 0.9600 to 0.9650 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 0.9630
- Take Profit Zone: 0.8800 – 0.8900
- Stop Loss Level: 0.9800
Should price action for the USDCHF breakdown below 0.9600 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: 0.8800 – 0.8900
- Stop Loss Level: 0.9800
Should price action for the USDCHF breakout above 0.9650 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 0.9675
- Take Profit Zone: 0.9775 – 0.9800
- Stop Loss Level: 0.9600
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
