Should price action for the GBPUSD remain inside the 1.5400 to 1.5475 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position @ 1.5415 Take Profit Zone: 1.5750 – 1.5800 Stop Loss Level: 1.5275 Should price action for the GBPUSD breakout above 1.5475 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: 1.5750 – 1.5800 Stop Loss...
Should price action for the USDJPY remain inside the 119.250 to 120.250 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 119.300 Take Profit Zone: 116.250 – 116.750 Stop Loss Level: 122.000 Should price action for the USDJPY breakdown below 119.250 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: 116.250 –...
PaxForex added to its forex positions in thin holiday trading as opportunities presented themselves which allowed for the creation of a more profitable forex portfolio. Paxforex is confident with the work done in 2014 to streamline it for a growth year in 2015. 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 portfolio. We had the following five trading recommendations this week: Monday,...
Should price action for the USDCHF remain inside the 0.9875 to 0.9900 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position @ 0.9880 Take Profit Zone: 0.9575 – 0.9600 Stop Loss Level: 0.9950 Should price action for the USDCHF breakdown below 0.9875 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: 0.9575 – 0.9600...
Should price action for the GBPUSD remain inside the 1.5540 to 1.5580 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.5625 Take Profit Zone: 1.6700 – 1.6800 Stop Loss Level: 1.5125 Should price action for the GBPUSD breakout above 1.5580 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: 1.6700 – 1.6800 Stop Loss...
