USD/CHF – 30M – BUYThe pair US Dollar/Swiss Franc (USD/CHF) moves from the bullish trendline down.
A descent down to the next support level at 0.88207 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.88619 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 0.88642516 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.88619 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three White Soldiers’ candle pattern is found. The candles show ‘Three White Soldiers’. which is a positive chart scenario. 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 | 0.88872 |
| 2nd High | 0.88815 |
| Next High | 0.88619 |
| Current Price | 0.88600 |
| Next Low | 0.88207 |
| 2nd Low | 0.88139 |
| 3rd Low | 0.88009 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers