PaxForex earned 2,495 pips in the previous week as seven trading positions were closed; all for a profit. This marks a very strong start to the fourth-quarter and we expect to add to this performance in coming weeks. Two closed positions were gold trades and we five were currency trades. 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...
Should price action for the GBPUSD remain inside the 1.6010 to 1.6040 zone the following trade set-up is recommended: Timeframe: H1 Recommendation: Long Position Entry Level: Long Position @ 1.6020 Take Profit Zone: 1.6160 – 1.6190 Stop Loss Level: 1.5940 Should price action for the GBPUSD breakout above 1.6040 the following trade set-up is recommended: Timeframe: H1 Recommendation: Long Position Entry Level: Long Position @ Retracements in the trend; buy orders during dips Take Profit Zone: 1.6160 – 1.6190 Stop Loss...
Should price action for the USDJPY remain inside the 107.40 to 104.60 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position 107.50 Take Profit Zone: 105.10 – 105.30 Stop Loss Level: 108.70 Should price action for the USDJPY breakdown below 107.40 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: 105.10 – 105.30...
Should price action for Gold remain inside the 1,246 to 1,250 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position @ 1,248 Take Profit Zone: 1,202 – 1,206 Stop Loss Level: 1,270 Should price action for Gold breakdown below 1,246 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: 1,202 – 1,206 Stop Loss Level: 1,...
Should price action for the USDCHF remain inside the 0.9400 to 0.9440 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position @ 0.9420 Take Profit Zone: 0.9650 – 0.9690 Stop Loss Level: 0.9300 Should price action for the USDCHF breakout above 0.9440 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: 0.9650 – 0.9690 Stop Loss...
