USD/CHF – 30M – BUYThe pair moves from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 0.88360 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 0.88025 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three White Soldiers’ candle pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.88360 |
| Current Price | 0.88213 |
| Next Low | 0.88025 |
| 2nd Low | 0.87510 |
| 3rd Low | 0.87008 |