USDCHF – November 4th 2014

USDCHF – November 4th 2014

Written by: PaxForex analytics dept - Tuesday, 04 November 2014 0 comments


Should price action for the USDCHF remain inside the 0.9550 – 0.9650 zone the following trade set-up is recommended:

  • Timeframe: D1
  • Recommendation: Short Position
  • Entry Level: Short Position @ 0.9635
  • Take Profit Zone: 0.9035 – 0.9135
  • Stop Loss Level: 0.9800

Should price action for the USDCHF breakdown below 0.9550 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: 0.9035 – 0.9135
  • Stop Loss Level: 0.9800

Should price action for the USDCHF breakout above 0.9650 the following trade set-up is recommended:

  • Timeframe: D1
  • Recommendation: Long Position
  • Entry Level: Long Position @ 0.9675
  • Take Profit Zone: 0.9800 – 0.9850
  • Stop Loss Level: 0.9650

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