USDCHF – May 20th 2014

Should price action for the USDCHF remain inside the 0.8900 to 0.8940 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 0.8930
• Take Profit Zone: 0.8710 – 0.8740
• Stop Loss Level: 0.9030

Should price action for the USDCHF breakdown below 0.8900 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: 0.8710 – 0.8740
• Stop Loss Level: 0.9030

Should price action for the USDCHF breakout above 0.8940 the following trade set-up is recommended:

• Timeframe H4
• Recommendation: Long Position
• Entry Level: Long Position @ 0.8960
• Take Profit Zone: 0.9050– 0.9080
• Stop Loss Level: 0.8900

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

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