EUR/CHF – 1H – BUYThe combination Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.
The bullish trend up to the next resistance level at 0.93617 will persist.
Caution: A possible change in the direction of the support zone at 0.93057 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Three Line Strike – Bullish’ candle pattern is detected. The candles form ‘Three Line Strike – Bullish’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Line Strike – Bullish’ heading up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94176 |
| 2nd High | 0.93879 |
| Next High | 0.93617 |
| Current Price | 0.93599 |
| Next Low | 0.93057 |
| 2nd Low | 0.92859 |
| 3rd Low | 0.92709 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Line Strike – Bullish