EUR/CHF – 4H – BUYThe combination Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline downwards
A bearish descent downwards to the next support level at 0.92555 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.93933 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Matching Low’ candle pattern is discovered. The candles form ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94608 |
| 2nd High | 0.94423 |
| Next High | 0.93933 |
| Current Price | 0.93636 |
| Next Low | 0.92555 |
| 2nd Low | 0.92045 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Matching Low