Technical Analysis Free Forex Signals USD/CHF Forex Signal - 28 June 2017 USD/CHF Forex Signal - 28 June 2017 Wednesday, 28 June 2017 10:21 Share 0 Tweet 0 Pin it 0 +1 By: DailyForex.com Yesterday’s signals were not triggered, as there was no bullish price action when the price reached 0.9654. Today’s USD/CHF Signals Risk 0.50% per trade. Trades may only be entered between 8am and 5pm London time today. Short Trade 1 Short entry after bearish price action on the H1 time frame following the next touch of 0.9654. 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 run. Long Trade 1 Long entry after bullish price action on the H1 time frame following the next touch of 0.9579 and 0.9540. 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 run. The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels. USD/CHF Analysis This pair fell strongly over the past 24 hours, dragged down by the Euro with which the Swiss Franc is heavily positively correlated. The Swiss Franc is arguably a little weaker than the Euro, as the EUR/USD has made a 1 year high while the USD/CHF pair here has only made a 7-month low, so the place to take advantage of Euro strength is logically by using the Euro. The price is near a couple of support levels at the time of writing. The first one looks doubtful but the lower one might hold. If the price continues to fall, it is going to reach an area of very long-term support close to the major psychological number of 0.9500, which could be interesting. There is nothing due today concerning the CHF. Regarding the USD, there will be a release of Crude Oil Inventories data at 3:30pm London time. Currency Pairs USD/CHF Adam Lemon Adam is a Forex trader who has worked within financial markets for over 12 years, including 6 years with Merrill Lynch. He is certified in Fund Management and Investment Management by the U.K. Chartered Institute for Securities & Investment. Learn more from Adam in his free lessons at FX Academy.