USD/CHF – 4H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline downwards
A descent downwards to the next support line at 0.89126 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.90214 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Three White Soldiers’ chart pattern is discovered. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.90214 |
| Current Price | 0.90000 |
| Next Low | 0.89126 |
| 2nd Low | 0.87354 |
| 3rd Low | 0.87008 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers