EUR/CHF – 1H – BUYThe combination Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at 0.93262 is considered certain.
Caution: A possible counter-trend in the direction of support at 0.92911 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 0.93073 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.93262 should always be considered.
Consider stop-loss settings accordingly.
There is also 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 rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93440 |
| 2nd High | 0.93298 |
| Next High | 0.93262 |
| Current Price | 0.93006 |
| Next Low | 0.92911 |
| 2nd Low | 0.92884 |
| 3rd Low | 0.92768 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers