USD/CHF Forex Signal - 9 February 2015

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.

USDCHF 2915

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.

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.