Should price action for the USDJPY remain inside the 116.800 to 117.200 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position @ 116.900 Take Profit Zone: 120.000 – 121.000 Stop Loss Level: 116.000 Should price action for the USDJPY breakout above 117.200 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: 120.000 – 121.000...
Should price action for the USDCHF remain inside the 1.0150 to 1.0200 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position @ 1.0150 Take Profit Zone: 0.9740 – 0.9800 Stop Loss Level: 1.0300 Should price action for the USDCHF breakdown below 1.0150 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: 0.9740 – 0.9800...
PaxForex added several positions to its forex portfolio during the previous week and closed others for profits of 975 pips. This marked a great start to the new trading year and PaxForex is set to eclipse the 1,000 pips per month level in January or twice its expectations. 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 twelve open trading positions in our forex portfolio. We had the following five trading recommendations this...
Should price action for the EURUSD remain inside the 1.1775 to 1.1825 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.1800 Take Profit Zone: 1.3500 – 1.3600 Stop Loss Level: 1.1575 Should price action for the EURUSD breakout above 1.1825 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: 1.3500 – 1.3600 Stop Loss...
Should price action for the GBPUSD remain inside the 1.5075 to 1.5125 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.5125 Take Profit Zone: 1.5750 – 1.5800 Stop Loss Level: 1.5000 Should price action for the GBPUSD breakout above 1.5125 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: 1.5750 – 1.5800 Stop Loss...
