Technical Analysis Free Forex Signals USD/CHF Forex Signal USD/CHF Forex Signal Thursday, 20 December 2018 11:02 Share 0 Tweet 0 Pin it 0 +1 Yesterday’s signals were not triggered, as none of the key levels were ever reached. Today’s USD/CHF Signals Risk 0.75%. Trades may only be taken before 5pm London time. Short Trades Go short following a bearish price action reversal upon the next touch of 0.9961 or 1.0008. 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 0.9904 or 0.9848. 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 I would avoid trading this currency pair today, and I had no bias beyond thinking that a quick drop below 0.9900 in the early part of the London session could see the price reach the next support level quite quickly. This was a good call, as the price did little over the past day, as I had expected, even with the FOMC release that caused a lot of movement in other markets, which just goes to show you how dull and range-bound this currency pair is. I have no new information worthy of changing my views on this pair, so again, it is probably going nowhere and does not look worth trading today, there should be better opportunities elsewhere. I still see a break below 0.9904 as being potentially interesting as the possible start of a stronger bearish movement down to the 0.9850 area. 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.