USD/CHF Signal Update
Last Thursday’s signals were not 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 0.9654 or 0.9597.
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 Trades
Short entry after bearish price action on the H1 time frame following the next touch of 0.9800, 0.9862, or 0.9894.
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
It is interesting how a big movement in the British Pound has produced a lesser fall in the Euro, which in turn has produced a lesser still fall in the Swiss Franc against the USD.
The pair is respecting key levels quite well, so there might be some good opportunities to trade support and resistance here without some of the excessive volatility we have seen elsewhere in the market.
There is nothing due concerning either the CHF or the USD.