Should price action for the USDJPY remain inside the 101.20 to 101.50 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 101.30 Take Profit Zone: 105.00 – 105.40 Stop Loss Level: 99.80 Should price action for the USDJPY breakout above 101.50 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: 105.00 – 105....
Should price action for Gold remain inside the 1,290 to 1,295 zone the following trade set-up is recommended: Timeframe: H1 Recommendation: Long Position Entry Level: Long Position @ 1,293 Take Profit Zone: 1,303 – 1,308 Stop Loss Level: 1,288 Should price action for Gold breakout above 1,295 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: 1,303 – 1,308 Stop Loss Level:...
Should price action for the GBPUSD remain inside the 1.6810 to 1.6840 zone the following trade set-up is recommended: Timeframe: H1 Recommendation: Long Position Entry Level: Long Position @ 1.6820 Take Profit Zone: 1.6900 – 1.6930 Stop Loss Level: 1.6760 Should price action for the GBPUSD breakout above 1.6840 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: 1.6900 – 1....
PaxForex closed the third trading week with 1,160 pips in net profits after closing two trading positions; the net profits came from two closed gold short positions while no forex trades were closed during the week. This boosted net profits for May to 5,185 pips. We had the following five trading recommendations this week: Monday, May 19th – GBPUSD May 19th 2014; Short @ 1.6720 and 1.6840; Long @ 1.6825 and 1.6840 Tuesday, May 20th – USDCHF May 20th 2014; Short @ 0.8885 and 0.8935 Wednesday, May 21st –...
Should price action for the USDCHF remain inside the 0.8930 to 0.8970 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 0.8960 Take Profit Zone: 0.8710 – 0.8740 Stop Loss Level: 0.9060 Should price action for the USDCHF breakdown below 0.8930 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: 0.8710...
