Should price action for the USDCHF remain inside the 0.8830 to 0.8850 zone the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ 0.8840 Take Profit Zone: 0.8770 – 0.8780 Stop Loss Level: 0.8870 Should price action for the USDCHF breakdown below 0.8830 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: 0.8770 – 0.8780...
Should price action for Gold remain inside the 1,290 to 1,330 zone the following trade set-up is recommended: Timeframe: W1 Recommendation: Long Position Entry Level: Long Position @ 1,300 Take Profit Zone: 1,540 – 1,590 Stop Loss Level: 1,240 Should price action for Gold breakout above 1,330 the following trade set-up is recommended: Timeframe: W1 Recommendation: Long Position Entry Level: Long Position @ Retracements in the trend; buy orders during dips Take Profit Zone: 1,540 – 1,590 Stop Loss Level: 1,240...
Should price action for the GBPUSD remain inside the 1.6820 to 1.6860 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position @ 1.6840 Take Profit Zone: 1.6580 – 1.6630 Stop Loss Level: 1.6940 Should price action for the GBPUSD breakdown below 1.6820 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: 1.6580 – 1.6630...
PaxForex ended the trading week with 3,025 pips in net profits after closing five trading positions; four forex trades for a net profit of 25 pips and one gold trade for a net profit of 3,000 pips. We have outperformed out expectations for 2014 to date. There are no pending orders currently in our forex portfolio. We had the following five trading recommendations this week: Monday, April 21st – GBPUSD April 21st 2014; Short @ 1.6820 and 1.6720 Tuesday, April 22nd – Gold April 22nd 2014; Long @ 1,305 and 1,285 Wednesday, April...
Should price action for the USDJPY remain inside the 102.05 – 102.20 zone the following trade set-up is recommended: Timeframe: M30 Recommendation: Long Position Entry Level: Long Position @ 102.20 Take Profit Zone: 102.60 – 102.75 Stop Loss Level: 101.90 Should price action for the USDJPY breakout above 102.20 the following trade set-up is recommended: Timeframe: M30 Recommendation: Long Position Entry Level: Long Position @ Retracements in the trend; buy orders during dips Take Profit Zone: 102.60 – 102.75 Stop...
