USD/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 0.90118 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 0.90098 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bearish SBS White Lines’ candlestick chart pattern is detected. The candles show ‘Bearish SBS White Lines’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90214 |
| 2nd High | 0.90118 |
| Next High | 0.90098 |
| Current Price | 0.89941 |
| Next Low | 0.89933 |
| 2nd Low | 0.89894 |
| 3rd Low | 0.89771 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish SBS White Lines