EUR/CHF – 30M – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline down.
A descent down to the next support line at 0.92696 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.93018 could happen.
Consider stop-loss settings accordingly.
Then a ‘Bullish Harami’ chart pattern is existing. The chart shows ‘Bullish Harami’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Harami’ heading up is 53% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93222 |
| 2nd High | 0.93027 |
| Next High | 0.93018 |
| Current Price | 0.92723 |
| Next Low | 0.92696 |
| 2nd Low | 0.92045 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Harami