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 from 8am to 5pm London times today.
Long Trade 1
* Go long after bullish price action on the H1 time frame following a first touch of 0.9850.
* 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
* Go long after bullish price action on the H1 time frame following a first touch of 0.9800.
* 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.
Short Trade 1
* Go short after bearish price action on the H1 time frame following a touch of 1.0051.
* 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 run.
USD/CHF Analysis
The supportive atmosphere continues although the price is having a hard time really getting anywhere and holding up there. It currently looks like we had a failure to move up at beyond approximately 0.9940 and that we are now heading back down to the support at 0.9850. However the longer this situation goes on, the more crucial these levels of 0.9850 and 0.9800 beco9me and the more likely that we will get either a strong move up or a strong break down below.
There is nothing due today concerning the CHF or the USD.