Should price action for the USDCHF remain inside the 0.9020 to 0.9060 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 0.9040
- Take Profit Zone: 0.8720 – 0.8760
- Stop Loss Level: 0.9180
Should price action for the USDCHF breakdown below 0.9020 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: 0.8720 – 0.8760
- Stop Loss Level: 0.9180
Should price action for the USDCHF breakout above 0.9060 the following trade set-up is recommended:
- Timeframe D1
- Recommendation: Long Position
- Entry Level: Long Position @ 0.9070
- Take Profit Zone: 0.9180 – 0.9230
- Stop Loss Level: 0.9010
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