USDCHF – September 23rd 2014
USDCHF – September 23rd 2014
Written by: PaxForex analytics dept - Tuesday, 23 September 2014 0 comments
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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