USDCHF – January 20th 2015

USDCHF – January 20th 2015

Written by: PaxForex analytics dept - Tuesday, 20 January 2015 0 comments


Should price action for the USDCHF remain inside the 0.8700 to 0.8800 zone the following trade set-up is recommended:

  • Timeframe: W1
  • Recommendation: Long Position
  • Entry Level: Long Position @ 0.8700
  • Take Profit Zone: 0.9800 – 1.0000
  • Stop Loss Level: 0.8200

Should price action for the USDCHF breakout above 0.8800 the following trade set-up is recommended:

  • Timeframe: W1
  • Recommendation: Long Position
  • Entry Level: Long Position @ Retracements in the trend; buy orders during dips
  • Take Profit Zone: 0.9800 – 1.0000
  • Stop Loss Level: 0.8200

Should price action for the USDCHF breakdown below 0.8700 the following trade set-up is recommended:

  • Timeframe: W1
  • Recommendation: Short Position
  • Entry Level: Short Position @ 0.8650
  • Take Profit Zone: 0.8000 – 0.8200
  • Stop Loss Level: 0.8800

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