Should price action for the USDCHF remain inside the 0.8990 to 0.9030 zone the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ 0.9000
- Take Profit Zone: 0.8500 – 0.8600
- Stop Loss Level: 0.9100
Should price action for the USDCHF breakdown below 0.8990 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 0.8500 – 0.8600
- Stop Loss Level: 0.9100
Should price action for the USDCHF breakout above 0.9030 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Long Position
- Entry Level: Long Position @ 0.9050
- Take Profit Zone: 0.9300 – 0.9350
- Stop Loss Level: 0.8990
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
