USD/CHF Signal Update
Yesterday’s signals were not triggered.
Today’s USD/CHF Signals
Risk 0.50% per trade.
Trades must be entered before 5pm London time today.
Long Trade 1
• Long entry after bullish price action on the H1 time frame following the next entry into the zone between 0.9850 and 0.9820.
• Place 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.
• 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
• Short entry after bearish price action on the H1 time frame following the next touch of the trend line currently sitting at around 1.0110.
• Place 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.
• 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
Little has happened with this pair and again, there is no change to the technical picture. There is a slight uptrend which does seem to be holding, suggesting that this pair is on track to break up to 1.0110 sooner or later. This should hold true as long as 0.9850 holds.
There is nothing due today concerning the CHF. Regarding the USD, there will be a release of Unemployment Claims data at 1:30pm London time.