Should price action for the USDJPY remain inside the 120.250 to 120.750 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position @ 120.400 Take Profit Zone: 116.250 – 116.750 Stop Loss Level: 122.000 Should price action for the USDJPY breakdown below 120.250 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: 116.250 –...
Should price action for the USDCHF remain inside the 0.9825 to 0.9875 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position @ 0.9830 Take Profit Zone: 0.9575 – 0.9600 Stop Loss Level: 0.9950 Should price action for the USDCHF breakdown below 0.9825 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...
PaxForex added to its forex positions in the final full trading week of 2014 and is very confident that the forex portfolio is on course to see a strong start to trading in 2015. Paxforex plans to add more positions during this trading week if the opportunity presents itself. 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 seven open trading positions in our portfolio. We had the following five trading recommendations this week...
Should price action for the EURUSD remain inside the 1.2220 to 1.2270 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.2250 Take Profit Zone: 1.3300 – 1.3350 Stop Loss Level: 1.2000 Should price action for the EURUSD breakout above 1.2270 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: 1.3300 – 1.3350 Stop Loss...
Should price action for the GBPUSD remain inside the 1.5625 to 1.5675 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position @ 1.5625 Take Profit Zone: 1.6925 – 1.6975 Stop Loss Level: 1.5125 Should price action for the GBPUSD breakout above 1.5675 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: 1.6925 – 1.6975 Stop Loss...
