USDCHF – September 23rd 2014

Should price action for the USDCHF remain inside the 0.9350 to 0.9390 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position 0.9370
• Take Profit Zone: 0.8850 – 0.8890
• Stop Loss Level: 0.9560

Should price action for the USDCHF breakdown below 0.9350 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: 0.8850 – 0.8890
• Stop Loss Level: 0.9560

Should price action for the USDCHF breakout above 0.9390 the following trade set-up is recommended:

• Timeframe D1
• Recommendation: Long Position
• Entry Level: Long Position @ 0.9400
• Take Profit Zone: 0.9610 – 0.9630
• Stop Loss Level: 0.9300

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

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