EUR/CHF – 30M – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline down.
The bearish trend down to the next support level at 0.93506 is expected.
Caution: A possible change in the direction of the resistance level at 0.94423 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Three Outside Up’ candle pattern is existing. The chart forms ‘Three Outside Up’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94787 |
| 2nd High | 0.94608 |
| Next High | 0.94423 |
| Current Price | 0.94045 |
| Next Low | 0.93506 |
| 2nd Low | 0.93358 |
| 3rd Low | 0.92755 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Up