USD/CHF – 30M – BUYThe pair US Dollar/Swiss Franc (USD/CHF) goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 0.88294 will continue.
Caution: A possible change in the direction of the resistance zone at 0.88885 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three White Soldiers’ candle chart pattern is existing. The chart shows ‘Three White Soldiers’. this is a bullish signal. The 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 | 0.88943 |
| 2nd High | 0.88894 |
| Next High | 0.88885 |
| Current Price | 0.88725 |
| Next Low | 0.88294 |
| 2nd Low | 0.87963 |
| 3rd Low | 0.87952 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers