USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline down.
A descending movement down to the next support level at 0.89126 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.89975 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.90214 |
| Next High | 0.89975 |
| Current Price | 0.89931 |
| Next Low | 0.89126 |
| 2nd Low | 0.88984 |
| 3rd Low | 0.88161 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers