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 Trades
Long entry after bullish price action on the H1 time frame following the next touch of 0.9650, 0.9622 or 0.9600.
Put 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.
Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.
Short Trades
Short entry after bearish price action on the H1 time frame following the next touch of 0.9800 or 0.9814.
Put 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.
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
The conditions remain the same: a strong USD over the past week or so that has not seen any news to turn the sentiment around, and a fairly weak CHF.
The action of the recent prices suggests that we are going to continue moving upwards to the round number at 0.9800, which might produce some kind of reversal and give an opportunity for a short trade entry.
Unfortunately there are no key support levels close by, although there may be minor support at a retest of 0.9700.
There are no high-impact events due today concerning the CHF. Regarding the USD, there will be a release of Crude Oil Inventories at 3:30pm London time.