Should price action for the USDCHF remain inside the 0.8830 to 0.8850 zone the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ 0.8840
- Take Profit Zone: 0.8770 – 0.8780
- Stop Loss Level: 0.8870
Should price action for the USDCHF breakdown below 0.8830 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: 0.8770 – 0.8780
- Stop Loss Level: 0.8870
Should price action for the USDCHF breakout above 0.8850 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Long Position
- Entry Level: Long Position @ 0.8860
- Take Profit Zone: 0.8950 – 0.8970
- Stop Loss Level: 0.8800
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