USDCHF – June 16th 2014

Should price action for the USDCHF remain inside the 0.8980 to 0.9020 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 0.9000
• Take Profit Zone: 0.8730 – 0.8770
• Stop Loss Level: 0.9120

Should price action for the USDCHF breakdown below 0.8980 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: 0.9120

Should price action for the USDCHF breakout above 0.9020 the following trade set-up is recommended:

• Timeframe D1
• Recommendation: Long Position
• Entry Level: Long Position @ 0.9040
• Take Profit Zone: 0.9120 – 0.9140
• Stop Loss Level: 0.8990

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

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