EUR/CHF – 4H – BUYThe combination Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.
An ascending movement up to the next resistance at 0.93262 is expected.
Caution: A possible change in the direction of the support line at 0.92584 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three White Soldiers’ candle chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. 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 | 0.93440 |
| 2nd High | 0.93298 |
| Next High | 0.93262 |
| Current Price | 0.92949 |
| Next Low | 0.92584 |
| 2nd Low | 0.92045 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers