USDCHF – March 27th 2014

Should price action for the USDCHF remain inside the 0.8840 to 0.8880 zone the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Short Position
• Entry Level: Short Position @ 0.8860
• Take Profit Zone: 0.8740 – 0.8760
• Stop Loss Level: 0.8920

Should price action for the USDCHF breakdown below 0.8880 the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Short Position
• Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
• Take Profit Zone: 0.8740 – 0.8760
• Stop Loss Level: 0.8920

Should price action for the USDCHF breakout above 0.8920 the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Long Position
• Entry Level: Long Position @ 0.8920
• Take Profit Zone: 0.9000 – 0.9030
• Stop Loss Level: 0.8850

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:
USDJPY - March 26th 2014
Gold - March 25th 2014
EURUSD - March 24th 2014
Investors are disappointed with statistics
When should forex traders take a break?