Technical Analysis Free Forex Signals USD/CHF Forex Signal USD/CHF Forex Signal Thursday, 22 November 2018 10:35 Share 0 Tweet 0 Pin it 0 +1 Yesterday’s signals were not triggered as the resistance level at 0.9958 was not rejected until after the end of the London session. 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 the technical picture was looking more likely to see ranging conditions, as the bears seemed to have run out of momentum, which was ideal for entering trades after firm reversals at either support or resistance. Overall, I had no directional bias. This was a good call as the price consolidated and was held between the nearest key price levels. I do not see any change today, we are likely to see a continuation of the ranging condition, especially as market liquidity will be very thin after the London session because the U.S. is on holiday today. There is nothing important due today concerning either the CHF or the USD. It is a public holiday in the U.S.A. today 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.