USD/CHF – 1H – BUYThe currency pair breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance line at 0.88360 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.88025 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.88360 |
| Current Price | 0.88365 |
| Next Low | 0.88025 |
| 2nd Low | 0.87008 |
| 3rd Low | 0.86196 |