USD/CHF Signal Update
Last Thursday’s signals were not triggered.
Today’s USD/CHF Signals
Risk 0.75% per trade.
Trades must be taken between 8am and 5pm London time today only.
Long Trades
Go long after bullish price action on the H1 time frame following the next touch of 0.9756 or 0.9726.
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
Go short after bearish price action on the H1 time frame following the next touch of 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
This pair is still mirroring the EUR/USD currency pair in many ways: no long-term trend and not much opportunity to make money trading it. However with this situation comes greater reliability of good support and resistance levels for making at least a few pips, in the absence of any key news items due today we can expect the key levels highlighted in the chart below to come in useful if touched, provided very conservative exits are taken.
There is nothing due today concerning either the CHF or the USD.