USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the descending trendline up.
A bullish ascent up to the next resistance at 0.81143 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 0.80302 could occur.
Consider stop-loss settings accordingly.
Next a ‘Three Outside Up’ chart pattern is discovered. The candles show ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.81512 |
| 2nd High | 0.8148 |
| Next High | 0.81143 |
| Current Price | 0.80517 |
| Next Low | 0.80302 |
| 2nd Low | 0.8025 |
| 3rd Low | 0.80103 |
0.81143 – 0.80991 – 0.8148 – 0.80796 – 0.80603 – 0.80744 —
0.80690 – 0.80466 —
28.658652953985 – 29.191717754699 —
– —
0.81143 – 1784127600
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Up – – – – – – – – –