USDCHF – April 30th 2014

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
• Stop Loss Level: 0.8870

Should price action for the USDCHF breakout above 0.8850 the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Long Position
• Entry Level: Long Position @ 0.8860
• Take Profit Zone: 0.8950 – 0.8970
• Stop Loss Level: 0.8800

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.

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