Should price action for the USDCHF remain inside the 0.8700 to 0.8800 zone the following trade set-up is recommended: Timeframe: W1 Recommendation: Long Position Entry Level: Long Position @ 0.8700 Take Profit Zone: 0.9800 – 1.0000 Stop Loss Level: 0.8200 Should price action for the USDCHF breakout above 0.8800 the following trade set-up is recommended: Timeframe: W1 Recommendation: Long Position Entry Level: Long Position @ Retracements in the trend; buy orders during dips Take Profit Zone: 0.9800 – 1.0000 Stop Loss...
PaxForex advised its forex traders to take short positions in the USDCHF two weeks before the SNB decided to rattle financial markets. PaxForex traders who followed the trading recommendations were able to benefit from the surge in the Swiss Franc. We will continue to focus on providing accurate trading signals to all our forex traders. 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...
Should price action for the EURUSD remain inside the 1.1575 to 1.1625 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position @ 1.1800 Take Profit Zone: 1.2500 – 1.2550 Stop Loss Level: 1.1500 Should price action for the EURUSD breakout above 1.1625 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: 1.2500 – 1.2550 Stop Loss...
Should price action for the GBPUSD remain inside the 1.5200 to 1.5230 zone the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ 1.5200 Take Profit Zone: 1.5030 – 1.5050 Stop Loss Level: 1.5285 Should price action for the GBPUSD breakdown below 1.5200 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: 1.5030 – 1.5050...
Should price action for Gold remain inside the 1,250 to 1,260 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1,250 Take Profit Zone: 1,195 – 1,205 Stop Loss Level: 1,270 Should price action for Gold breakdown below 1,250 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: 1,195 – 1,205 Stop Loss Level: 1,...
