USD/CHF Signal Update
Yesterday’s signals expired without being triggered as the price never reached either 0.9358 or 0.9130.
Today’s USD/CHF Signals
Risk 0.75% per trade.
Trades may only be entered before 5pm London time today.
Short Trade 1
Short entry after bearish price action on the H1 time frame immediately following the next touch of 0.9358.
Put the stop loss 1 pip above the local swing high.
Adjust the stop loss to break even once the trade is 30 pips in profit.
Remove 50% of the position as profit when the trade is 30 pips in profit and leave the remainder of the position to run.
Short Trade 2
Short entry after bearish price action on the H1 time frame immediately following the next touch of 0.9393.
Put the stop loss 1 pip above the local swing high.
Adjust the stop loss to break even once the trade is 30 pips in profit.
Remove 50% of the position as profit when the trade is 30 pips in profit and leave the remainder of the position to run.
Long Trade 1
Long entry after bullish price action on the H1 time frame immediately following the next touch of 0.9166.
Put the stop loss 1 pip below the local swing low.
Adjust the stop loss to break even once the trade is 30 pips in profit.
Remove 50% of the position as profit when the trade is 30 pips in profit and leave the remainder of the position to run.
USD/CHF Analysis
the strong consolidation has continued for yet another day. There is one small change to make: we can tighten up the likely strong support from 0.9130 to 0.9166.
There are no high-impact data released scheduled for the CHF today. Regarding the USD, at 1:30pm London time there will releases of U.S. data concerning Retail Sales and Unemployment Claims.