EUR/CHF – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.93617 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.93617 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three White Soldiers’ candle pattern is found. The chart forms ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94176 |
| 2nd High | 0.93879 |
| Next High | 0.93617 |
| Current Price | 0.93474 |
| Next Low | 0.93385 |
| 2nd Low | 0.93057 |
| 3rd Low | 0.92967 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers