EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) goes from the bullish trendline up.
A continuation of the upward movement upwards to the next resistance at 0.93242 is likely expected.
Caution: A possible change in the direction of support at 0.92975 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 0.9311 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 0.93242 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. 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 | 0.93298 |
| 2nd High | 0.93255 |
| Next High | 0.93242 |
| Current Price | 0.93092 |
| Next Low | 0.92975 |
| 2nd Low | 0.92922 |
| 3rd Low | 0.92768 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers