Should price action for the USDJPY remain inside the 108.80 to 109.20 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position 109.00 Take Profit Zone: 101.60 – 102.00 Stop Loss Level: 111.60 Should price action for the USDJPY breakdown below 108.80 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: 101.60...
Should price action for Gold remain inside the 1,221 to 1,225 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1,223 Take Profit Zone: 1,310 – 1,314 Stop Loss Level: 1,193 Should price action for Gold breakout above 1,225 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: 1,310 – 1,314 Stop Loss Level:...
Should price action for the USDCHF remain inside the 0.9350 to 0.9390 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position 0.9370 Take Profit Zone: 0.8850 – 0.8890 Stop Loss Level: 0.9560 Should price action for the USDCHF breakdown below 0.9350 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: 0.8850...
Should price action for the EURUSD remain inside the 1.2830 to 1.2870 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Posа ition @ 1.2850 Take Profit Zone: 1.3660 – 1.3700 Stop Loss Level: 1.2640 Should price action for the EURUSD breakout above 1.2870 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: 1.3660 – 1....
PaxForex did not close any trades during the past trading week as our traders felt comfortable with the positions sizing and capital allocation currently present. Our third-quarter profit remained unchanged at 3,635 pips. 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-two open trading positions in our portfolio. We had the following five trading recommendations this week: Monday, September 15th – EURUSD...
