USD/CHF – 1H – BUYThe currency pair moves from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance level at 0.88360 is expected.
Caution: A possible change in the direction of support at 0.88025 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three White Soldiers’ candlestick pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.88360 |
| Current Price | 0.88279 |
| Next Low | 0.88025 |
| 2nd Low | 0.87008 |
| 3rd Low | 0.86196 |