Technical Analysis Free Forex Signals USD/CHF Forex Signal - 19 July 2017 USD/CHF Forex Signal - 19 July 2017 Wednesday, 19 July 2017 10:43 Share 0 Tweet 0 Pin it 0 +1 By: DailyForex.com Yesterday’s signals were not triggered as none of the key levels were ever reached. 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 0.9600. 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 0.9500. 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 I had thought the anticipated support level at 0.9540 would hold yesterday, although the price in fact managed to get about 20 pips below this level before turning around and rising again. This is enough to invalidate the level which has been removed from the chart, leaving the next key support at the big psychological level of 0.9500 which could provide an excellent, long-term long trade entry. The next round number above at 0.9600 also looks attractive for a short trade. There is nothing due today concerning the CHF. Regarding the USD, there will be a release of Building Permits data at 1:30pm London time, followed by Crude Oil Inventories at 3:30pm. 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.