USD/CHF – 4H – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline downwards
A descent downwards to the next support line at 0.89126 is expected.
Caution: A possible counter-trend in the direction of the resistance line at should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Latter Bottom’ candle pattern is discovered. The chart forms ‘Latter Bottom’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.90976 |
| Next Low | 0.89126 |
| 2nd Low | 0.87354 |
| 3rd Low | 0.87008 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Latter Bottom