Should price action for the USDCHF remain inside the 0.8920 to 0.8940 zone the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Long Position
• Entry Level: Long Position @ 0.8930
• Take Profit Zone: 0.8990 – 0.9010
• Stop Loss Level: 0.8890

Should price action for the USDCHF breakout above 0.8940 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: 0.8990 – 0.9010
• Stop Loss Level: 0.8890

Should price action for the USDCHF breakdown below 0.8920 the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Short Position
• Entry Level: Short Position @ 0.8910
• Take Profit Zone: 0.8830 – 1.8850
• Stop Loss Level: 0.8950

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

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