USD/CHF Signal Update
Yesterday’s signals expired without being triggered.
Today’s USD/CHF Signals
Risk 0.75% per trade.
Trades must be entered before 5pm London time today only.
Long Trades
Go long after bullish price action on the H1 time frame following the next touch of 0.9887, 0.9814, or 0.9800.
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
Go short after bearish price action on the H1 time frame following the next touch of 1.0000.
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
I wrote yesterday that there would probably be better opportunities elsewhere and I was not wrong.
The previous key level at 0.9913 is deleted as it really has become meaningless.
The price has seen a nudge upwards, although it is falling as at the time of writing, and most importantly it has confirmed a new key support level not too far below at 0.9887 which might prove to be interesting later.
Regarding the USD, there will be a release of Crude Oil Inventories data at 3:30pm London time. There is nothing due concerning the CHF.