USDCHF – October 14th 2014

USDCHF – October 14th 2014

Written by: PaxForex analytics dept - Tuesday, 14 October 2014 0 comments



Should price action for the USDCHF remain inside the 0.9450 to 0.9490 zone the following trade set-up is recommended:

  • Timeframe: H4
  • Recommendation: Long Position
  • Entry Level: Long Position @ 0.9470
  • Take Profit Zone: 0.9660 – 0.9700
  • Stop Loss Level: 0.9370

Should price action for the USDCHF breakout above 0.9490 the following trade set-up is recommended:

  • Timeframe: H4
  • Recommendation: Long Position
  • Entry Level: Long Position @ Retracements in the trend; buy orders during dips
  • Take Profit Zone: 0.9660 – 0.9700
  • Stop Loss Level: 0.9370

Should price action for the USDCHF breakdown below 0.9450 the following trade set-up is recommended:

  • Timeframe: H4
  • Recommendation: Short Position
  • Entry Level: Short Position @ 0.94.40
  • Take Profit Zone: 0.9300 – 0.9330
  • Stop Loss Level: 0.9510

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