USD/CHF – 30M – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance at 0.88446 will continue.
Caution: A possible trend reversal in the direction of support at 0.88139 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Three White Soldiers’ candle chart pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88872 |
| 2nd High | 0.88815 |
| Next High | 0.88446 |
| Current Price | 0.88454 |
| Next Low | 0.88139 |
| 2nd Low | 0.88009 |
| 3rd Low | 0.87971 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers