Should price action for the USDCHF remain inside the 0.8840 to 0.8880 zone the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ 0.8860
- Take Profit Zone: 0.8740 – 0.8760
- Stop Loss Level: 0.8920
Should price action for the USDCHF breakdown below 0.8880 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: 0.8740 – 0.8760
- Stop Loss Level: 0.8920
Should price action for the USDCHF breakout above 0.8920 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Long Position
- Entry Level: Long Position @ 0.8920
- Take Profit Zone: 0.9000 – 0.9030
- Stop Loss Level: 0.8850
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
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