Should price action for Gold remain inside the 1,140 and 1,150 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position @ 1,145 Take Profit Zone: 1,240 – 1,250 Stop Loss Level: 1,100 Should price action for Gold breakout above 1,150 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: 1,240 – 1,250 Stop Loss Level: 1,100...
Should price action for the USDJPY remain inside the 114.500 – 115.000 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 114.750 Take Profit Zone: 105.25 – 106.75 Stop Loss Level: 117.750 Should price action for the USDJPY breakdown below 114.500 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: 105.25 – 106....
Should price action for the USDCHF remain inside the 0.9550 – 0.9650 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 0.9635 Take Profit Zone: 0.9035 – 0.9135 Stop Loss Level: 0.9800 Should price action for the USDCHF breakdown below 0.9550 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: 0.9035 – 0.9135...
PaxForex decided to manage its current forex account without expanding into new positions; depending on market conditions existing positions will be hedged. The rest of 2014 will be focused on streamlining the portfolio and wind down 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 twenty-four open trading positions in our portfolio. We had the following five trading recommendations this week: Monday, October 27th...
Should price action for the EURUSD remain inside the 1.2475 to 1.2525 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.2500 Take Profit Zone: 1.3700 – 1.3800 Stop Loss Level: 1.2300 Should price action for the EURUSD breakout above 1.2525 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: 1.3700 – 1.3800 Stop Loss...
