USDCHF – December 16th 2014

USDCHF – December 16th 2014

Written by: PaxForex analytics dept - Tuesday, 16 December 2014 0 comments


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.