USD/CHF – 30M – BUYThe pair goes from the ascending trendline downwards
A bearish movement down to the next support level at 0.86431 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 0.86996 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 0.867135 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.86996 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.86996 |
| Current Price | 0.86616 |
| Next Low | 0.86431 |
| 2nd Low | 0.86327 |
| 3rd Low | 0.86296 |