USD/CHF – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.866135 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.86983 should always be considered.
Consider stop-loss settings accordingly.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.86996 |
| Next High | 0.86983 |
| Current Price | 0.86417 |
| Next Low | 0.86231 |
| 2nd Low | 0.86139 |
| 3rd Low | 0.86120 |