USD/CHF Forex Signal - 25 May 2016

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.

USDCHF

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.

Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.