Technical Analysis Free Forex Signals USD/CHF Forex Signal - 12 July 2017 USD/CHF Forex Signal - 12 July 2017 Wednesday, 12 July 2017 12:34 Share 0 Tweet 0 Pin it 0 +1 By: DailyForex.com Yesterday’s signals were not triggered as there was no bearish price action when the price reached 0.9678. Today’s USD/CHF Signals Risk 0.50% per trade. Trades may only be entered between 8am and 5pm London time today. Short Trades Short entry after bearish price action on the H1 time frame following the next touch of 0.9688. 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 0.9600. 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 Yesterday I foresaw a continuing but weak upwards movement, which is what happened until New York opened and the Dollar sold off quite heavily. There is no real change to the big picture: a gentle range between 0.9600 and 0.9700. That could change later, if Janet Yellen’s testimony tonight contains any surprises. There is nothing due today concerning the CHF. Regarding the USD, the Chair of the Federal Reserve will be testifying before the House Financial Services Committee on monetary policy at 3pm London time, followed half an hour later by Crude Oil Inventories. 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.