USD/CHF – 30M – BUYThe combination US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 0.90386 will continue.
Caution: A possible counter-trend in the direction of the resistance line at should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.90799 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three White Soldiers’ candle chart pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.90864 |
| Next Low | 0.90386 |
| 2nd Low | 0.90227 |
| 3rd Low | 0.90099 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers