EUR/CHF – 1H – BUY

The combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.

The bullish trend up to the next resistance line at 0.90707 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 0.89803 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three White Soldiers’ candlestick chart pattern is found. The candles form ‘Three White Soldiers’. 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 chance of ‘Three White Soldiers’ heading up is 82%.

0.90707 – 0.90717 – 0.90984 – 0.89803 – 0.89831 – 0.90528 —
0.90081 – 0.90399 —
43.194192884639 – 63.953696789608 —
– —
0.90707 – 1772748000

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers – – – – – – – – –