EUR/CHF – 1H – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance line at 0.93617 is certain.
Caution: A possible trend reversal in the direction of the support level at 0.93057 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three White Soldiers’ candle chart pattern is discovered. The candles show ‘Three White Soldiers’. this is a bullish 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’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94176 |
| 2nd High | 0.93879 |
| Next High | 0.93617 |
| Current Price | 0.93604 |
| Next Low | 0.93057 |
| 2nd Low | 0.92859 |
| 3rd Low | 0.92709 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers