USDCHF – December 9th 2014

USDCHF – December 9th 2014

Written by: PaxForex analytics dept - Tuesday, 09 December 2014 0 comments


Should price action for the USDCHF remain inside the 0.9750 to 0.9800 zone the following trade set-up is recommended:

  • Timeframe: D1
  • Recommendation: Short Position
  • Entry Level: Short Position @ 0.9765
  • Take Profit Zone: 0.8950 – 0.9050
  • Stop Loss Level: 0.9900

Should price action for the USDCHF breakdown below 0.9750 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: 0.8950 – 0.9050
  • Stop Loss Level: 0.9900

Should price action for the USDCHF breakout above 0.9800 the following trade set-up is recommended:

  • Timeframe: D1
  • Recommendation: Long Position
  • Entry Level: Long Position @ 0.9820
  • Take Profit Zone: 0.9900 – 0.9920
  • Stop Loss Level: 0.9750

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.