Also there is a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 0.80952312 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.80925 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three White Soldiers’ candle pattern is detected. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The 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 | 0.81143 |
| 2nd High | 0.80967 |
| Next High | 0.80925 |
| Current Price | 0.80795 |
| Next Low | 0.80335 |
| 2nd Low | 0.80302 |
| 3rd Low | 0.8025 |
0.80925 – 0.80967 – 0.80643 – 0.80766 – 0.80335 – 0.80796 —
0.80873 – 0.80782 —
40.161852760049 – 43.768688939304 —
– —
0.80925 – 1784275200
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – – – – – – – – –