Should price action for the USDCHF remain inside the 1.0090 to 1.0150 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 1.0100
- Take Profit Zone: 0.9000 – 0.9100
- Stop Loss Level: 1.0300
Should price action for the USDCHF breakdown below 1.0090 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: 0.9000 – 0.9100
- Stop Loss Level: 1.0300
Should price action for the USDCHF breakout above 1.0150 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 1.0180
- Take Profit Zone: 1.0280 – 1.0300
- Stop Loss Level: 1.0090
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
