Should price action for the USDCHF remain inside the 0.9140 to 0.9170 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 0.9150
• Take Profit Zone: 0.8730 – 0.8770
• Stop Loss Level: 0.9310

Should price action for the USDCHF breakdown below 0.9140 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: 0.8730 – 0.8770
• Stop Loss Level: 0.9310

Should price action for the USDCHF breakout above 0.9170 the following trade set-up is recommended:

• Timeframe D1
• Recommendation: Long Position
• Entry Level: Long Position @ 0.9180
• Take Profit Zone: 0.9320 – 0.9350
• Stop Loss Level: 0.9100

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

You may also be interested in reading the following posts:

• EURUSD – August 25th 2014
• PaxForex increases exposure
• USDJPY – August 22nd 2014
• US Retail Sales in Forex Trading
• Why the forex market is affected from countries inflation