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USD/CHF Forex Signal - 3 February 2015

By Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.

USD/CHF Signal Update

Yesterday’s signals expired without being triggered.

Today’s USD/CHF Signals

Risk only 0.25% per trade.

Trades may only be made between 8am and 5pm London time.

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 40 pips in profit.

  • Remove 50% of the position as profit when the trade is 40 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 40 pips in profit.

  • Remove 50% of the position as profit when the trade is 40 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 0.9130.

  • Put the stop loss 1 pip below the local swing low.

  • Adjust the stop loss to break even once the trade is 50 pips in profit.

  • Remove 50% of the position as profit when the trade is 50 pips in profit and leave the remainder of the position to run.

USD/CHF Analysis

By recent standards, yesterday was a reasonably quiet day for this pair. None of the key levels identified previously were touched; there is no real technical change from yesterday.

USDCHF 2315

There are no high-impact data releases scheduled today concerning either the USD or the CHF.

Adam Lemon
About Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.

 

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