Should price action for the EURUSD remain inside the 1.3610 to 1.3640 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.3620 Take Profit Zone: 1.3910 – 1.3940 Stop Loss Level: 1.3500 Should price action for the EURUSD breakout above 1.3640 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: 1.3910 – 1....
Should price action for Gold remain inside the 1,256 to 1,260 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position @ 1,257 Take Profit Zone: 1,294 – 1,300 Stop Loss Level: 1,240 Should price action for Gold breakout above 1,260 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: 1,294 – 1,300 Stop Loss Level:...
Should price action for the USDJPY remain inside the 101.50 to 101.90 zone the following trade set-up is recommended: Timeframe: W1 Recommendation: Short Position Entry Level: Short Position @ 101.80 Take Profit Zone: 91.60 – 92.00 Stop Loss Level: 103.40 Should price action for the USDJPY breakdown below 101.50 the following trade set-up is recommended: Timeframe: W1 Recommendation: Short Position Entry Level: Short Position @ Retracements in the trend; sell orders during rallies Take Profit Zone: 91.60...
Should price action for the USDCHF remain inside the 0.8970 to 0.8990 zone the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ 0.8980 Take Profit Zone: 0.8930 – 0.8950 Stop Loss Level: 0.9010 Should price action for the USDCHF breakdown below 0.8970 the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ Retracements in the trend; sell orders during rallies Take Profit Zone: 0.8930...
PaxForex closed May with total net profits of 5,185 pips; 4,660 pips came from closing gold positions while 525 pips were delivered from forex positions. This has increased our trading profits for the second-quarter to 9,450 pips. We expect to have a strong performance in June as well on a combination of gold and forex trades which should yield above 4,000 pips in profits for June. We had the following five trading recommendations this week: Monday, May 26th – GBPUSD May 26th 2014; Short @ 1.6720; Long @ 1.6825 and 1.6840...
