EUR/CHF – 4H – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline downwards
A descending movement downwards to the next support level at 0.92859 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.94176 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Three White Soldiers’ candlestick pattern is found. The candles form ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.94423 |
| Next High | 0.94176 |
| Current Price | 0.93946 |
| Next Low | 0.92859 |
| 2nd Low | 0.92555 |
| 3rd Low | 0.92045 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers