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 before 5pm London time today.
Short Trade 1
* Short entry after bearish price action on the H1 time frame following a touch of 1.0050.
* 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 ride.
Long Trade 1
* Long entry after bullish price action on the H1 time frame following a first entry into the zone between 0.9851 and 0.9835.
* 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 ride.
USD/CHF Analysis
I wrote yesterday how it was interesting that the Euro and Swiss Franc were holding off instead of falling back quickly and this move up for both of the currencies has continued, and it is significant. Today looks like it is going to be a quiet trading day so we are unlikely to touch either of the nearest key levels. There may be minor support at the round number of 0.9900.
There is nothing due today regarding the CHF or the USD.