EUR/CHF – 1H – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 0.93943 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 0.93886 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three White Soldiers’ candle pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94423 |
| 2nd High | 0.93999 |
| Next High | 0.93886 |
| Current Price | 0.93729 |
| Next Low | 0.93463 |
| 2nd Low | 0.93320 |
| 3rd Low | 0.93064 |