USDCHF – October 7th 2014

Should price action for the USDCHF remain inside the 0.9560 to 0.9600 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position 0.9580
• Take Profit Zone: 0.8910 – 0.8950
• Stop Loss Level: 0.9800

Should price action for the USDCHF breakdown below 0.9560 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: 0.8910 – 0.8950
• Stop Loss Level: 0.9800

Should price action for the USDCHF breakout above 0.9600 the following trade set-up is recommended:

• Timeframe D1
• Recommendation: Long Position
• Entry Level: Long Position @ 0.9610
• Take Profit Zone: 0.9790 – 0.9830
• Stop Loss Level: 0.9510

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