EUR/CHF – 30M – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline up.
A continuation of the upward movement up to the next resistance at 0.93718 is expected.
Caution: A possible change in the direction of the support level at 0.93489 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ candle chart pattern is discovered. The candles show ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94053 |
| 2nd High | 0.93806 |
| Next High | 0.93718 |
| Current Price | 0.93732 |
| Next Low | 0.93489 |
| 2nd Low | 0.93423 |
| 3rd Low | 0.93297 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers