USD/CHF Signal Update
Today’s USD/CHF Signals
Risk 0.75% per trade.
Trades may only be taken between 8am and 5pm London time today.
Long Trade 1
Long entry after bullish price action on the H1 time frame following the next touch of 0.9640.
Put the stop loss 1 pip below the local swing low.
Move the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.
Short Trades
Short entry after bearish price action on the H1 time frame following the next touch of 0.9809, 0.9839 or 0.9859.
Put the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.
USD/CHF Analysis
Strangely, the CHF recovered since early in the London session yesterday, at a time when the USD was strong. The CHF is a haven currency and should logically fall on increasing prospects of a Clinton victory, but that is not happening yet.
It is probably going to be a thin and very quiet market today until the exit polls are given for the U.S. Presidential election. A Clinton victory is likely to be bullish for this pair.
There is nothing due today regarding either the CHF, or the USD, until the Presidential Election results later.