Should price action for the EURUSD remain inside the 1.2350 to 1.2400 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position @ 1.2400 Take Profit Zone: 1.2770 – 1.2830 Stop Loss Level: 1.2300 Should price action for the EURUSD breakout above 1.2400 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: 1.2770 – 1.2830 Stop Loss...
PaxForex resumed the streamlining of its forex portfolio and is currently approaching the midway point of this operation. Over the next five weeks Paxforex aims to reduce trading positions which were taken over eight weeks ago and adding 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 nineteen open trading positions in our portfolio. We had the following five trading recommendations this week: Monday, November...
Should price action for the GBPUSD remain inside the 1.5650 to 1.5700 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.5675 Take Profit Zone: 1.6700 – 1.6900 Stop Loss Level: 1.5300 Should price action for the GBPUSDUSD 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: 1.6700 – 1.6900 Stop...
Should price action for the Gold remain inside the 1,190 to 1,200 zone the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ 1,190 Take Profit Zone: 1,145 – 1,150 Stop Loss Level: 1,220 Should price action for Gold breakdown below 1,190 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: 1,145 – 1,150 Stop Loss Level:...
Should price action for the USDJPY remain inside the 117.000 to 118.000 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 117.500 Take Profit Zone: 103.750 – 105.250 Stop Loss Level: 119.000 Should price action for the USDJPY breakdown below 117.000 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: 103.750 –...
