USD/CHF Forex Signal

Today’s USD/CHF Signals

Risk 0.75%.

Trades must be entered before 5pm London time today only.

Short Trades

  • Go short following a bearish price action reversal upon the next touch of 1.0150.
  • Place 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.
  • 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

  • Go long following a bullish price action reversal upon the next touch of 1.0068, 1.0053, or 1.0034.
  • Place 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.
  • 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.

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.

Great trade opportunities are waiting. Don't miss it!
TRADE NOW

USD/CHF Analysis

The price is close to reaching new 2-year highs, which are very long-term and significant highs. This is a typically a bullish sign, but it is a fact that this pair usually does not respond well to being judged on its directional momentum. Therefore, a major bearish reversal is quite likely to occur in this area – it is sometime to watch out for, at least. It does not look as if it is about to happen, but a strong rejection of 1.0150 might well signal that start of it. I would take a bearish bias here if that scenario plays out later today.

usdchf18042019

There is nothing of high importance due today concerning the CHF. Regarding the USD, there will be a release of Retail Sales data at 1:30pm London time.

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.