USD/CHF – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.88573 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 0.88997 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. 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 | 0.89175 |
| Next High | 0.88997 |
| Current Price | 0.88323 |
| Next Low | 0.88202 |
| 2nd Low | 0.87971 |
| 3rd Low | 0.87008 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers