Technical Analysis Free Forex Signals USD/CHF Forex Signal USD/CHF Forex Signal Wednesday, 28 November 2018 10:09 Share 0 Tweet 0 Pin it 0 +1 Yesterday’s signals were not triggered, as none of the key level were reached. Today’s USD/CHF Signals Risk 0.75%. Trades must be entered between 8am and 5pm London time today only. Short Trades Go short following a bearish price action reversal upon the next touch 1.0013, 1.0035 or 1.0046. Put 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. Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run. Long Trades Go long following a bullish price action reversal upon the next touch of 0.9955, 0.9918 or 0.9898. Put 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. Remove 50% of the position as profit when the price reaches 25 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 wrote yesterday that the picture was slightly more bullish today, with the U.S. Dollar advancing everywhere, but it seemed likely that this would be better exploited in EUR/USD and GBP/USD than this pair, so I would take no bias here. However, trading this pair long was likely to be better than trading it short now. This was a good and accurate call reflecting what happened. The situation is the same today, but a little less bullish as we see a failure to rise above the parity level and even test the next key resistance at 1.0013. There is nothing important due today concerning the CHF. Regarding the USD, there will be a release of Preliminary GDP data at 1:30pm 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.