EUR/CHF – 1H – BUYThe combination Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance at 0.94398 will persist.
Caution: A possible change in the direction of the support line at 0.93814 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Three White Soldiers’ candle chart pattern is detected. The chart forms ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94423 |
| 2nd High | 0.94407 |
| Next High | 0.94398 |
| Current Price | 0.94084 |
| Next Low | 0.93814 |
| 2nd Low | 0.93650 |
| 3rd Low | 0.93489 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers