Technical Analysis Free Forex Signals USD/CHF Forex Signal - 4 July 2017 USD/CHF Forex Signal - 4 July 2017 Tuesday, 4 July 2017 10:24 Share 0 Tweet 0 Pin it 0 +1 By: DailyForex.com Yesterday’s signals were not triggered as none of the key levels were reached during the specified session. Today’s USD/CHF Signals Risk 0.50% per trade. Trades must be taken before 5pm London time today only. Short Trades Go short after bearish price action on the H1 time frame following the next touch of 0.9654 or 0.9678. Place the stop loss 1 pip above the local swing high. Adjust the stop loss to break even once the trade is 20 pips in profit. Take off 50% of the position as profit when the trade is 20 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 following the next touch of 0.9540. Place the stop loss 1 pip below the local swing low. Adjust the stop loss to break even once the trade is 20 pips in profit. Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride. 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 noted yesterday that the Swiss Franc is currently weaker than the Euro, and this remained true for another day as the strengthening of the USD was felt more strongly here than in the EUR/USD pair. The pair rose steadily to reach a resistant area which has halted the advance over recent hours. A bearish rejection of 0.9654 and a break below the steepest supportive trend line shown in the chart below, combined with bearish candlestick price action, could provide a good short trade entry here. There is nothing due today concerning either the CHF or the USD. It is a public holiday in the U.S.A. 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.