USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 0.88478 is expected.
Caution: A possible change in the direction of the support level at 0.87952 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three White Soldiers’ candle pattern is found. The candles form ‘Three White Soldiers’. this is a bullish signal. 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 | 0.88943 |
| 2nd High | 0.88868 |
| Next High | 0.88478 |
| Current Price | 0.88226 |
| Next Low | 0.87952 |
| 2nd Low | 0.87510 |
| 3rd Low | 0.87008 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers