USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance at 0.90736 will continue.
Caution: A possible trend reversal in the direction of support at 0.90227 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Three Outside Up’ candlestick pattern is discovered. The candles form ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.90736 |
| Current Price | 0.90622 |
| Next Low | 0.90227 |
| 2nd Low | 0.90099 |
| 3rd Low | 0.90022 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Up