USD/CHF Signal Update
Last Thursday’s signals expired without being triggered.
Today’s USD/CHF Signals
Risk only 0.50% per trade.
Trades must be made between 8am and 5pm London time only.
Short Trade 1
Go short after bearish price action on the H1 time frame immediately following the next touch of 0.9358.
Place the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 30 pips in profit.
Take off 50% of the position as profit when the trade is 30 pips in profit and leave the remainder of the position to ride.
Short Trade 2
Go short after bearish price action on the H1 time frame immediately following the next touch of 0.9393.
Place the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 30 pips in profit.
Take off 50% of the position as profit when the trade is 30 pips in profit and leave the remainder of the position to ride.
Long Trade 1
Go long after bullish price action on the H1 time frame immediately following the next touch of 0.9130.
Place the stop loss 1 pip below the local swing low.
Move the stop loss to break even once the trade is 30 pips in profit.
Take off 50% of the position as profit when the trade is 30 pips in profit and leave the remainder of the position to ride.
USD/CHF Analysis
The consolidation and calming of the CHF continues and we have not hit or made any new key levels for dour consecutive days. The signals remain the same.
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There are no high-impact data releases scheduled for later today concerning either the CHF or the USD. Therefore it is likely to be a very quiet day for this pair, unless there is unforeseen news.
