USDCHF – April 7th 2014

Should price action for the USDCHF remain inside the 0.8880 to 0.8900 zone the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Long Position
• Entry Level: Long Position @ 0.8900
• Take Profit Zone: 0.8950 – 0.8960
• Stop Loss Level: 0.8850

Should price action for the USDCHF breakout above 0.8900 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: 0.8950 – 0.8960
• Stop Loss Level: 0.8850

Should price action for the USDCHF breakdown below 0.8850 the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Short Position
• Entry Level: Short Position @ 0.8850
• Take Profit Zone: 0.8750 – 0.8800
• Stop Loss Level: 0.8880

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