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 taken between 8am and 5pm London time today.
Long Trade 1
Long entry after bullish price action on the H1 time frame following a touch of 0.9625.
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 run.
Long Trade 2
Long entry after bullish price action on the H1 time frame following a touch of 0.9550.
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 run.
Long Trade 3
Long entry after bullish price action on the H1 time frame following a touch of 0.9500.
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 run.
USD/CHF Analysis
It is looking as though this pair found support from the round number at 0.9700 well before the anticipated support at 0.9625. Therefore this pair may already have made its low for today. A close above 0.9800 would be a very bullish sign.
There is nothing due today regarding the CHF. Concerning the USD, there will be a release of ADP Non-Farm Employment Change data at 1:15pm London time. At 8pm, the Chair of the Federal Reserve will be speaking.