Should price action for the USDCHF remain inside the 0.9330 to 0.9370 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @0.9350 Take Profit Zone: 0.8760 – 0.8800 Stop Loss Level: 0.9580 Should price action for the USDCHF breakdown below 0.9330 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: 0.8760...
Should price action for the USDCHF remain inside the 0.9330 to 0.9370 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 0.9350 Take Profit Zone: 0.8760 – 0.8800 Stop Loss Level: 0.9540 Should price action for the USDCHF breakdown below 0.9330 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: 0.8760 – 0.8800...
Should price action for the USDCHF remain inside the 0.9190 to 0.9210 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position @ 0.9200 Take Profit Zone: 0.9010 – 0.9030 Stop Loss Level: 0.9250 Should price action for the USDCHF breakdown below 0.9190 the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position @ Retracements in the trend; sell orders during rallies Take Profit Zone: 0.9010 – 0.9030...
The USDCHF has corrected rather sharp in the past week and launched a minor rally to shake off its oversold condition. After the rally it has launched another correction to retest support. This pair has formed an inverted hammer formation at its declining support line and is poised for another attempt at a rally. MACD has broken down from bullish to bearish, but holds up at its previous correction lows while its moving average remains bullish for the time being. RSI is oversold and has just crossed from extreme oversold condition...
Should price action for the USDCHF remain inside the 0.9140 to 0.9170 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 0.9150 Take Profit Zone: 0.8730 – 0.8770 Stop Loss Level: 0.9310 Should price action for the USDCHF breakdown below 0.9140 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: 0.8730 – 0.8770...
