Should price action for the USDCHF remain inside the 1.0150 to 1.0200 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ 1.0150
- Take Profit Zone: 0.9740 – 0.9800
- Stop Loss Level: 1.0300
Should price action for the USDCHF breakdown below 1.0150 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: 0.9740 – 0.9800
- Stop Loss Level: 1.0300
Should price action for the USDCHF breakout above 1.0200 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ 1.0215
- Take Profit Zone: 1.0280 – 1.0300
- Stop Loss Level: 1.0150
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
