USDCHF – September 16th 2014

Should price action for the USDCHF remain inside the 0.9330 to 0.9370 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @0.9350
• Take Profit Zone: 0.8760 – 0.8800
• Stop Loss Level: 0.9580

Should price action for the USDCHF breakdown below 0.9330 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: 0.8760 – 0.8800
• Stop Loss Level: 0.9580

Should price action for the USDCHF breakout above 0.9370 the following trade set-up is recommended:

• Timeframe D1
• Recommendation: Long Position
• Entry Level: Long Position @ 0.9380
• Take Profit Zone: 0.9600 – 0.9640
• Stop Loss Level: 0.9260

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

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