EUR/CHF – 4H – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline upwards
A bullish ascent upwards to the next resistance at 0.95001 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 0.93006 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.96620 |
| 2nd High | 0.96320 |
| Next High | 0.95001 |
| Current Price | 0.93014 |
| Next Low | 0.93006 |
| 2nd Low | |
| 3rd Low |
0.95001 – 0.96320 – 0.95723 – 0.93006 – 0.95118 – 0.94894
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji