PaxForex nears its completion of optimizations to its forex portfolio and is optimistic about a profitable first-quarter of 2015. Over the next three weeks Paxforex will complete the reductions of underperforming trading positions and replacement with new positions. 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 GBPUSD remain inside the 1.5600 to 1.5700 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.5645 Take Profit Zone: 1.6800 – 1.6900 Stop Loss Level: 1.5300 Should price action for the GBPUSD breakout above 1.5700 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: 1.6800 – 1.6900 Stop Loss...
Should price action for Gold remain inside the 1,202 to 1,207 zone the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ 1,204 Take Profit Zone: 1,152 – 1,157 Stop Loss Level: 1,224 Should price action for Gold breakdown below 1,202 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: 1,152 – 1,157 Stop Loss Level: 1,...
Should price action for the USDJPY remain inside the 119.000 to 119.400 zone the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ 119.300 Take Profit Zone: 117.300 – 117.800 Stop Loss Level: 120.300 Should price action for the USDJPY breakdown below 119.000 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: 117.300 –...
Should price action for the USDCHF remain inside the 0.9675 to 0.9700 zone the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ 0.9680 Take Profit Zone: 0.9590 – 0.9600 Stop Loss Level: 0.9750 Should price action for the USDCHF breakdown below 0.9675 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: 0.9590 – 0.9600...
