USD/CHF Signal Update
Yesterday’s signals were not 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 0.9814, 0.9800 or 0.9743.
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 Trade 1
Short entry after bearish price action on the H1 time frame following the next touch of 1.0000.
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
This pair really did very little yesterday. My old resistance level at 0.9913 is not holding exactly but does seem to have identified a roughly resistant area, which so far is preventing the price from really getting any higher.
I still think there are no key levels to rely upon between 1.0000 and 0.9814. It is starting to look as though the next move could be a leg down, but the USD is fairly bullish at the moment so that might be difficult.
The best opportunities will probably be found elsewhere today.
There are no high-impact events due today concerning either the CHF or the USD.