USDCHF – June 16th 2014
USDCHF – June 16th 2014
Written by: PaxForex analytics dept - Friday, 27 June 2014 0 comments
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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