Should price action for the USDCHF remain inside the 0.8920 to 0.8940 zone the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Long Position
- Entry Level: Long Position @ 0.8930
- Take Profit Zone: 0.8990 – 0.9010
- Stop Loss Level: 0.8890
Should price action for the USDCHF breakout above 0.8940 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Long Position
- Entry Level: Long Position @ Retracements in the trend; buy orders during dips
- Take Profit Zone: 0.8990 – 0.9010
- Stop Loss Level: 0.8890
Should price action for the USDCHF breakdown below 0.8920 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ 0.8910
- Take Profit Zone: 0.8830 – 1.8850
- Stop Loss Level: 0.8950
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
You may also be interested in reading the following posts:
