EUR/CHF – 30M – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance line at 0.93778 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.93544 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Three Outside Up’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93933 |
| 2nd High | 0.93865 |
| Next High | 0.93778 |
| Current Price | 0.93840 |
| Next Low | 0.93544 |
| 2nd Low | 0.93358 |
| 3rd Low | 0.92755 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Up