Should price action for the USDCHF remain inside the 0.9825 to 0.9875 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ 0.9830
- Take Profit Zone: 0.9575 – 0.9600
- Stop Loss Level: 0.9950
Should price action for the USDCHF breakdown below 0.9825 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 0.9575 – 0.9600
- Stop Loss Level: 0.9950
Should price action for the USDCHF breakout above 0.9875 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ 0.9890
- Take Profit Zone: 0.9950 – 1.0000
- Stop Loss Level: 0.9825
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
