USD/CHF Signal Update
Last Thursday’s signals expired without being triggered.
Today’s USD/CHF Signals
Risk only 0.50% per trade.
Trades must be made between 8am and 5pm London time only.
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 30 pips in profit.
Take off 50% of the position as profit when the trade is 30 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 30 pips in profit.
Take off 50% of the position as profit when the trade is 30 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 30 pips in profit.
Take off 50% of the position as profit when the trade is 30 pips in profit and leave the remainder of the position to ride.
USD/CHF Analysis
The consolidation and calming of the CHF continues and we have not hit or made any new key levels for dour consecutive days. The signals remain the same.
There are no high-impact data releases scheduled for later today concerning either the CHF or the USD. Therefore it is likely to be a very quiet day for this pair, unless there is unforeseen news.