USDCHF – October 28th 2014

USDCHF – October 28th 2014

Written by: PaxForex analytics dept - Tuesday, 28 October 2014 0 comments


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.