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USD/CHF Forex Signal - 4 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 were not triggered and expired.

Today’s USD/CHF Signals

Risk only 0.50% per trade.

Trades must be entered before 5pm London time.

 

Short Trade 1

  • Go short after bearish price action on the H1 time frame immediately following the next touch of 0.9358.

  • Place the stop loss 1 pip above the local swing high.

  • Move the stop loss to break even once the trade is 35 pips in profit.

  • Take off 50% of the position as profit when the trade is 35 pips in profit and leave the remainder of the position to ride.

 

Short Trade 2

  • Go short after bearish price action on the H1 time frame immediately following the next touch of 0.9393.

  • Place the stop loss 1 pip above the local swing high.

  • Move the stop loss to break even once the trade is 35 pips in profit.

  • Take off 50% of the position as profit when the trade is 35 pips in profit and leave the remainder of the position to ride.

 

Long Trade 1

  • Go long after bullish price action on the H1 time frame immediately following the next touch of 0.9130.

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

  • Move the stop loss to break even once the trade is 35 pips in profit.

  • Take off 50% of the position as profit when the trade is 35 pips in profit and leave the remainder of the position to ride.

USD/CHF Analysis

For the second day running, none of the key levels identified previously were touched; there is no real technical change from yesterday. Additionally, the CHF is finally slowing down and starting to exhibit a more normal volatility, as it finally moves away from the centre stage – at least for the time being.

USDCHF 2415

There are no high-impact data releases scheduled for later today concerning the CHF. Regarding the USD, at 1:15pm London time there will be a release of the ADP Non-Farm Employment Change data, followed later at 3pm by the ISM Non-Manufacturing PMI data release. This pair is likely to be more active during the New York session than the earlier London session.

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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