USD/CHF Signal Update
There are no outstanding signals.
Today’s USD/CHF Signals
Risk 0.75% per trade.
Trades may only be entered between 8am and 5pm London time.
Short Trade 1
- Short entry after bearish price action on the H1 time frame following the next touch of 0.9500.
- Put the stop loss 1 pip above the local swing high.
- Adjust the stop loss to break even once the trade is 20 pips in profit.
- Remove 50% of the position as profit when the trade is 20 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 following the next touch of 0.9330.
- Put the stop loss 1 pip below the local swing low.
- Adjust the stop loss to break even once the trade is 20 pips in profit.
- Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
USD/CHF Analysis
This pair tends to range, and at the present moment is still caught within a long-term consolidation process stemming from January’s huge price shock. Think of the CHF like a tuning fork that received a massive blow. It is still vibrating backwards and forwards, albeit with decreasing intensity.
We are currently ranging between roughly 0.9500 and 0.9250. This is a wide range but either level could give a good low risk, high reward trade opportunity.
At 3pm London time there will be a release of U.S. ISM Non-Manufacturing PMI data. There is nothing due today regarding the CHF.