Technical Analysis Free Forex Signals USD/CHF Forex Signal USD/CHF Forex Signal Monday, 7 January 2019 11:03 Share 0 Tweet 0 Pin it 0 +1 Last Thursday’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 between 8am and 5pm London time today. Short Trade Go short following a bearish price action reversal upon the next touch of 0.9961. 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 Trade Go long following a bullish price action reversal upon the next touch of 0.9744. 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 last Thursday that the only potential trading opportunity which stood out would be a long trade from the 0.9750 area, but we were quite a long way from there. The chart below shows that this pair is completely range-bound and does not look as if it is going anywhere. The opportunities may come at rejections of the extremes of the range, or if there is a breakout beyond the range. However, none of this looks likely to happen today. Meanwhile, it is probably best to avoid trading this pair, which is even more range-bound that the EUR/USD currency pair.There is nothing of high importance due today concerning the CHF. Regarding the USD, there will be a release of ISM Non-Manufacturing PMI data at 3pm 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.