USD/CHF Signal Update
Yesterday’s signals expired without being triggered.
Today’s USD/CHF Signals
Risk 0.75% per trade.
Trades must be made before 5pm London time only.
Short Trade 1
- Go short after bearish price action on the H1 time frame following the next touch of 0.9500.
- Place the stop loss 1 pip above the local swing high.
- Move the stop loss to break even once the trade is 20 pips in profit.
- Take off 50% of the position as profit when the trade is 20 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 following the next touch of 0.9398.
- Place the stop loss 1 pip below the local swing low.
- Move the stop loss to break even once the trade is 20 pips in profit.
- Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.
Long Trade 2
- Go long after bullish price action on the H1 time frame following the next touch of 0.9325.
- Place the stop loss 1 pip below the local swing low.
- Move the stop loss to break even once the trade is 20 pips in profit.
- Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.
Long Trade 3
- Go long after bullish price action on the H1 time frame following the next touch of 0.9248.
- Place the stop loss 1 pip below the local swing low.
- Move the stop loss to break even once the trade is 20 pips in profit.
- Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.
USD/CHF Analysis
It was a fairly quiet day for this pair yesterday, as it was across pretty much the entire Forex market. The USD has been rising, pushing the pair up.
This pair has been printing more support than resistance lately. It may move up to 0.9500 where it is likely to face stern resistance. However the FOMC Minutes release tomorrow, if very bullish for the USD, could push this pair past that level.
At 1:30pm London time there will be a release of U.S. Trade Balance data. There is nothing due today regarding the CHF.