USDCHF – November 11th 2014

USDCHF – November 11th 2014

Written by: PaxForex analytics dept - Tuesday, 11 November 2014 0 comments


Should price action for the USDCHF remain inside the 0.9675 to 0.9750 zone the following trade set-up is recommended:

  • Timeframe: D1
  • Recommendation: Short Position
  • Entry Level: Short Position @ 0.9690
  • Take Profit Zone: 0.9000 – 0.9090
  • Stop Loss Level: 0.9850

Should price action for the USDCHF breakdown below 0.9675 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 – 0.9090
  • Stop Loss Level: 0.9850

Should price action for the USDCHF breakout above 0.9750 the following trade set-up is recommended:

  • Timeframe: D1
  • Recommendation: Long Position
  • Entry Level: Long Position @ 0.9715
  • Take Profit Zone: 0.9815 – 0.9850
  • Stop Loss Level: 0.9650

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