EUR/CHF – 1H – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.
An ascent upwards to the next resistance line at 0.93617 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.93057 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three White Soldiers’ candlestick pattern is discovered. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. The currency 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 | 0.93604 |
| Next Low | 0.93057 |
| 2nd Low | 0.92859 |
| 3rd Low | 0.92709 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers