Should price action for Gold remain inside the 1,208 to 1,213 zone the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ 1,208 Take Profit Zone: 1,170 – 1,175 Stop Loss Level: 1,220 Should price action for Gold breakdown below 1,208 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: 1,170 – 1,175 Stop Loss Level: 1,...
Should price action for the USDJPY remain inside the 118.900 to 119.150 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position @ 119.100 Take Profit Zone: 120.000 – 121.000 Stop Loss Level: 118.000 Should price action for the USDJPY breakout above 118.900 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...
PaxForex had a great start into 2015 and confirms its guidance of double digit growth in its forex portfolio over the next twelve trading months. Forex traders should expect a volatile January which is likely to set the trading tone for the rest of the year. All our trades are focused on four currency pairs and one commodity and we will add positions to those trades according to our trading strategy. We currently have thirteen open trading positions in our forex portfolio. We had the following five trading recommendations this week...
Should price action for the USDCHF remain inside the 1.0090 to 1.0150 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.0100 Take Profit Zone: 0.9000 – 0.9100 Stop Loss Level: 1.0300 Should price action for the USDCHF breakdown below 1.0090 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: 0.9000 – 0.9100...
Should price action for the EURUSD remain inside the 1.1900 to 1.1960 zone the following trade set-up is recommended: Timeframe: H1 Recommendation: Long Position Entry Level: Long Position @ 1.1920 Take Profit Zone: 1.2200 – 1.2250 Stop Loss Level: 1.1800 Should price action for the EURUSD breakout above 1.1960 the following trade set-up is recommended: Timeframe: H1 Recommendation: Long Position Entry Level: Long Position @ Retracements in the trend; buy orders during dips Take Profit Zone: 1.2200 – 1.2250 Stop Loss...
