EUR/CHF – 1H – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 0.93222 is expected.
Caution: A possible counter-trend in the direction of the support line at 0.92852 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Outside Up’ candle chart pattern is existing. The candles show ‘Three Outside Up’. 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 chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93298 |
| 2nd High | 0.93262 |
| Next High | 0.93222 |
| Current Price | 0.92997 |
| Next Low | 0.92852 |
| 2nd Low | 0.92768 |
| 3rd Low | 0.92696 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Up