Should price action for the USDCHF remain inside the 0.8930 to 0.8970 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 0.8960
- Take Profit Zone: 0.8710 – 0.8740
- Stop Loss Level: 0.9060
Should price action for the USDCHF breakdown below 0.8930 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: 0.8710 – 0.8740
- Stop Loss Level: 0.9060
Should price action for the USDCHF breakout above 0.8970 the following trade set-up is recommended:
- Timeframe D1
- Recommendation: Long Position
- Entry Level: Long Position @ 0.8990
- Take Profit Zone: 0.9070– 0.9100
- Stop Loss Level: 0.8900
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