EUR/CHF – 4H – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 0.94176 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.92555 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Three White Soldiers’ candle pattern is discovered. The chart shows ‘Three White Soldiers’. this 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 | 0.94608 |
| 2nd High | 0.94423 |
| Next High | 0.94176 |
| Current Price | 0.93125 |
| Next Low | 0.92555 |
| 2nd Low | 0.92045 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers