USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support at 0.88294 is expected.
Caution: A possible change in the direction of the resistance zone at 0.88794 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three White Soldiers’ candlestick chart pattern is found. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88894 |
| 2nd High | 0.88885 |
| Next High | 0.88794 |
| Current Price | 0.88418 |
| Next Low | 0.88294 |
| 2nd Low | 0.87963 |
| 3rd Low | 0.87952 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers