PaxForex decided not to take active positions in any Swiss Franc related pairs as from a technical standpoint not enough data has been provided in order to create a proper analysis. The Euro has resumed its contraction which created attractive trading opportunities while caution is advised with the Japanese Yen. All our trades are focused on four currency pairs and one commodity and we will add positions to those trades according to our strategy. We currently have ten open trading positions in our forex portfolio. We had the...
Should price action for the EURUSD remain inside the 1.1175 to 1.1250 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.1225 Take Profit Zone: 1.2500 – 1.2550 Stop Loss Level: 1.1100 Should price action for the EURUSD breakout above 1.1250 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ Retracements in the trend; buy orders during dips Take Profit Zone: 1.2500 – 1.2550 Stop Loss...
Should price action for the GBPUSD remain inside the 1.4925 to 1.4975 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position @ 1.4960 Take Profit Zone: 1.5525 – 1.5575 Stop Loss Level: 1.4800 Should price action for the GBPUSD breakout above 1.4975 the following trade set-up is recommended: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position @ Retracements in the trend; buy orders during dips Take Profit Zone: 1.5525 – 1.5575 Stop Loss...
Should price action for Gold remain inside the 1,286 to 1,300 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position @ 1,286 Take Profit Zone: 1,195 – 1,205 Stop Loss Level: 1,316 Should price action for Gold breakdown below 1,286 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: 1,195 – 1,205 Stop Loss Level: 1,...
Should price action for the USDJPY remain inside the 117.250 to 118.250 zone the following trade set-up is recommended: Timeframe: W1 Recommendation: Short Position Entry Level: Short Position @ 117.600 Take Profit Zone: 102.250 – 104.250 Stop Loss Level: 122.000 Should price action for the USDJPY breakdown below 117.250 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: 102.250 –...
