Should price action for the USDCHF remain inside the 0.9675 to 0.9700 zone the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ 0.9680
- Take Profit Zone: 0.9590 – 0.9600
- Stop Loss Level: 0.9750
Should price action for the USDCHF breakdown below 0.9675 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 0.9590 – 0.9600
- Stop Loss Level: 0.9750
Should price action for the USDCHF breakout above 0.9700 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Long Position
- Entry Level: Long Position @ 0.9720
- Take Profit Zone: 0.9770 – 0.9800
- Stop Loss Level: 0.9675
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
