Should price action for the USDJPY remain inside the 115.000 to 116.000 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 115.250 Take Profit Zone: 107.000 – 108.000 Stop Loss Level: 117.000 Should price action for the USDJPY breakdown below 115.000 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: 107.000 –...
Should price action for the USDCHF remain inside the 0.9675 to 0.9750 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 0.9690 Take Profit Zone: 0.9000 – 0.9090 Stop Loss Level: 0.9850 Should price action for the USDCHF breakdown below 0.9675 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 – 0.9090...
Should price action for the EURUSD remain inside the 1.2470 – 1.2500 zone the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ 1.2485 Take Profit Zone: 1.2350 – 1.2380 Stop Loss Level: 1.2550 Should price action for the EURUSD breakdown below 1.2470 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: 1.2350 – 1.2380...
PaxForex is expected to make portfolio changes to its open trading positions taken at the beginning of the second-half and hedge its forex positions partially in order to reduce total risk exposure and position the forex portfolio for more growth potential in order to close out 2014. All our trades are focused on four currency pairs and one commodity and we will add positions to those trades according to our forex trading strategy. We currently have twenty-four open trading positions in our forex portfolio. We had the following five...
Should price action for the GBPUSD remain inside the 1.5800 to 1.5850 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.5825 Take Profit Zone: 1.6825 – 1.7000 Stop Loss Level: 1.5525 Should price action for the GBPUSD breakout above 1.5850 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: 1.6825 – 1.7000 Stop Loss...
