USD/CHF – 30M – BUYThe combination moves from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance level at 0.88360 is likely expected.
Caution: A possible trend reversal in the direction of support at 0.88069 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three White Soldiers’ chart pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.88360 |
| Current Price | 0.88321 |
| Next Low | 0.88069 |
| 2nd Low | 0.88025 |
| 3rd Low | 0.87510 |