USD/CHF – 4H – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline down.
A bearish trend down to the next support level at 0.90081 will persist.
Caution: A possible change in the direction of the resistance level at 0.91370 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three White Soldiers’ candle chart pattern is discovered. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. 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 | |
| 2nd High | |
| Next High | 0.91370 |
| Current Price | 0.91196 |
| Next Low | 0.90081 |
| 2nd Low | 0.89126 |
| 3rd Low | 0.87354 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers