USD/CHF Forex Signal - 11 February 2015

USD/CHF Signal Update

Yesterday’s signals were not triggered and expired.

Today’s USD/CHF Signals

Risk only 0.50% per trade.

Trades may only be entered before 5pm London time today.

 

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

This is a very strong, flat consolidation. This pair has hardly moved for an entire week. This should mean that the movement when it comes will be strong. Unfortunately this is complicated by the fact that we just had a period of excessive volatility in the CHF, so the consolidation might well continue for even longer.

USDCHF 21115

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. If there are any dramatic developments emerging regarding the Euro, it might also move the CHF as a secondary effect.

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.