Should price action for the USDCHF remain inside the 0.9560 to 0.9580 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ 0.9570
- Take Profit Zone: 0.9770 – 0.9800
- Stop Loss Level: 0.9470
Should price action for the USDCHF breakout above 0.9580 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ Retracements in the trend; buy orders during dips
- Take Profit Zone: 0.9770 – 0.9800
- Stop Loss Level: 0.9470
Should price action for the USDCHF breakdown below 0.9560 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ 0.9530
- Take Profit Zone: 0.9400 – 0.9470
- Stop Loss Level: 0.9580
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
