Technical Analysis Free Forex Signals USD/CHF Forex Signal USD/CHF Forex Signal Tuesday, 4 December 2018 10:20 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 must be entered between 8am and 5pm London time today only. Short Trades Short entry following a bearish price action reversal upon the next touch of 1.0008, 1.0035 or 1.0046. 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 0.9939 or 0.9918. 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 U.S. Dollar was particularly weak, so the price was falling here. However, I expected the move down to be limited. This was a good call as it reflects what happened, with the price not even getting down to the next support level yet. The general market environment is still keeping this pair away from the market’s focus. I have no directional bias generally, but I would be bullish if there is a strong reversal at either of the nearby support levels later, especially at the level of 0.9939. 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.