Should price action for the USDCHF remain inside the 0.9650 to 0.9700 zone the following trade set-up is recommended:
- Timeframe: W1
- Recommendation: Short Position
- Entry Level: Short Position @ 0.9670
- Take Profit Zone: 0.8930 – 0.9000
- Stop Loss Level: 0.9800
Should price action for the USDCHF breakdown below 0.9650 the following trade set-up is recommended:
- Timeframe: W1
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 0.8930 – 0.9000
- Stop Loss Level: 0.9800
Should price action for the USDCHF breakout above 0.9700 the following trade set-up is recommended:
- Timeframe: W1
- Recommendation: Long Position
- Entry Level: Long Position @ 0.9730
- Take Profit Zone: 0.9800 – 0.9830
- Stop Loss Level: 0.9650
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