Should price action for the USDCHF remain inside the 0.9400 to 0.9440 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ 0.9420
- Take Profit Zone: 0.9650 – 0.9690
- Stop Loss Level: 0.9300
Should price action for the USDCHF breakout above 0.9440 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: 0.9650 – 0.9690
- Stop Loss Level: 0.9300
Should price action for the USDCHF breakdown below 0.9400 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ 0.9390
- Take Profit Zone: 0.9180 – 0.9240
- Stop Loss Level: 0.9480
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
