EUR/CHF – 1H – BUYThe combination Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline downwards
A bearish trend downwards to the next support level at 0.93483 is likely expected.
Caution: A possible change in the direction of resistance at 0.94094 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Shooting Star’ candle chart pattern is detected. The chart shows ‘Shooting Star’. 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 probability of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94423 |
| 2nd High | 0.94176 |
| Next High | 0.94094 |
| Current Price | 0.94102 |
| Next Low | 0.93483 |
| 2nd Low | 0.93057 |
| 3rd Low | 0.92859 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Shooting Star