Should price action for the GBPUSD remain inside the 1.6380 to 1.6410 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position 1.6400 Take Profit Zone: 1.6040 – 1.6070 Stop Loss Level: 1.6560 Should price action for the GBPUSD breakdown below 1.6380 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: 1.6040...
Should price action for the USDJPY remain inside the 108.50 to 108.90 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @108.70 Take Profit Zone: 101.60 – 102.00 Stop Loss Level: 111.00 Should price action for the USDJPY breakdown below 108.50 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 – 102.00...
Should price action for Gold remain inside the 1,235 to 1,239 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1,237 Take Profit Zone: 1,314 – 1,318 Stop Loss Level: 1,220 Should price action for Gold breakout above 1,239 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: 1,314 – 1,318 Stop Loss Level:...
PaxForex closed the second trading week of August with net profits of 400 pips; 300 pips came from a closed gold trade while 100 pips came from our GBPUSD short position. This has increased our third-quarter profit to 2,240 pips. We currently have ten open trading positions in our portfolio and expect to add to them in the coming trading week. We had the following five trading recommendations this week: Monday, August 11th – EURUSD August 11th 2014; Long @ 1.3600, 1.3475 and 1.3385 Tuesday, August 12th – USDCHF August...
Should price action for the USDCHF remain inside the 0.9330 to 0.9370 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @0.9350 Take Profit Zone: 0.8760 – 0.8800 Stop Loss Level: 0.9580 Should price action for the USDCHF breakdown below 0.9330 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: 0.8760...
