Technical Analysis Free Forex Signals USD/CHF Forex Signal - 20 November 2018 USD/CHF Forex Signal - 20 November 2018 Tuesday, 20 November 2018 11:41 Share 0 Tweet 0 Pin it 0 Yesterday’s signals were not triggered as there was no bullish price action at 0.9958. Today’s USD/CHF Signals Risk 0.75%. Trades may only be taken before 5pm London time today. Short Trades Short entry following a bearish price action reversal upon the next touch of 0.9958 or 1.0013. Place 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. Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride. Long Trades Long entry following a bullish price action reversal upon the next touch of 0.9918 or 0.9898 or 0.9848. Place 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. Take off 50% of the position as profit when the price reaches 25 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 wrote yesterday that leaving aside the unreliable (in this pair) long-term bullish trend, the fall from an area around parity at 1.0000 had some potential to produce a more substantial bearish movement in the price. I took a bearish bias between 0.9990 and 0.9958. This was a great call, and the price actually fell even further, helped by the fall in stock markets producing “risk off” flow into safe-haven assets such as the Swiss Franc and Japanese Yen. The bearish momentum seems to be slowing, so although short trades still look more attractive, a bullish reversal at any of the nearby support levels could also be an attractive trade. I have no directional bias now on this pair. There is nothing important due today concerning either the CHF or the USD. 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.