Should price action for the USDCHF remain inside the 0.9480 to 0.9520 zone the following trade set-up is recommended:
- Timeframe: W1
- Recommendation: Short Position
- Entry Level: Short Position 0.9500
- Take Profit Zone: 0.8850 – 0.8890
- Stop Loss Level: 0.9730
Should price action for the USDCHF breakdown below 0.9480 the following trade set-up is recommended:
- Timeframe: W1
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 0.8850 – 0.8890
- Stop Loss Level: 0.9730
Should price action for the USDCHF breakout above 0.9520 the following trade set-up is recommended:
- Timeframe W1
- Recommendation: Long Position
- Entry Level: Long Position @ 0.9530
- Take Profit Zone: 0.9700 – 0.9740
- Stop Loss Level: 0.9430
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
