USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) moves from the bullish trendline down.
A bearish descent down to the next support line at 0.91123 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.91370 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Bullish Harami’ chart pattern is found. The chart forms ‘Bullish Harami’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Harami’ heading up is 53% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.91370 |
| Current Price | 0.91367 |
| Next Low | 0.91123 |
| 2nd Low | 0.91065 |
| 3rd Low | 0.90978 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bullish Harami