USD/CHF – 4H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline downwards
The bearish trend down to the next support at 0.90081 will persist.
Caution: A possible change in the direction of the resistance zone at 0.91370 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bearish SBS White Lines’ candlestick pattern is existing. The chart forms ‘Bearish SBS White Lines’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.91370 |
| Current Price | 0.91109 |
| Next Low | 0.90081 |
| 2nd Low | 0.89126 |
| 3rd Low | 0.87354 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bearish SBS White Lines