USD/CHF – 30M – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline upwards
A bullish trend up to the next resistance level at 0.88698 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 0.88246 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three White Soldiers’ candlestick pattern is found. The candles show ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88872 |
| 2nd High | 0.88815 |
| Next High | 0.88698 |
| Current Price | 0.88709 |
| Next Low | 0.88246 |
| 2nd Low | 0.88207 |
| 3rd Low | 0.88139 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers