USD/CHF Signal Update
Yesterday’s signals expired without being triggered.
Today’s USD/CHF Signals
Risk 0.75% per trade.
Trades may only be entered between 8am and 5pm London time today.
Any open trade should be protected before 6:30pm London time.
Long Trade 1
- Long entry after bullish price action on the 1H time frame following the next touch of 0.9537.
- 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.
Long Trade 2
- Long entry after bullish price action on the 1H time frame following the next touch of the bullish trend line currently sitting at around 0.9540.
- 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.
Long Trade 1
- Long entry after bullish price action on the 1H time frame following the next touch of 0.9418.
- 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
No key levels were hit yesterday but the price is generally holding up quite bullishly and the bullish trend line continues to be intact. The trend line and 0.9537 are quite confluent so might give powerful support if the price returns there. Conversely a strong break below both might lead to a sharp fall down to around 0.9425.
There is nothing due today regarding the CHF. Regarding the USD, there will be a release of the FOMC Meeting Minutes and Federal Funds Rate at 7pm London time.