Entry Zone: Go both long and short at the market if the price is at any level within the 1.6350-1.6600 range
Protective Stop: Long stop below 1.6175 and short stop above 1.6685
Profit Target: Long Target at 1.6600 and Short Target at 1.6350
Profit Potential: 250 pips (excluding transaction costs and slippage)
Hedging Strategy of the Week
Currency Pair: EURCHF
Entry Zone: Go both long and short at the market if the price is at any level within the 1.6350-1.6600 range
Protective Stop: Long stop below 1.6175 and short stop above 1.6685
Profit Target: Long Target at 1.6600 and Short Target at 1.6350
Profit Potential: 250 pips (excluding transaction costs and slippage)
The EURCHF is our primary target for hedging in the week ahead, with clear range-bound trade and concrete support and resistance levels. To hedge, go both long and short at the market if price stays within the above Hedging Zone. Take profits at R1 for longs and at S1 for shorts, covering losses above R2 or below S2.
