USD/CHF – 1H – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance line at 0.88360 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 0.87971 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three White Soldiers’ chart pattern is found. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.88360 |
| Current Price | 0.88711 |
| Next Low | 0.87971 |
| 2nd Low | 0.87008 |
| 3rd Low | 0.86196 |