USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline downwards
A bearish trend downwards to the next support at 0.88011 is certain.
Caution: A possible change in the direction of the resistance line at 0.88478 could happen.
Consider stop-loss settings accordingly.
Then a ‘Three White Soldiers’ candle pattern is found. The chart shows ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. 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 | 0.88943 |
| 2nd High | 0.88868 |
| Next High | 0.88478 |
| Current Price | 0.88158 |
| Next Low | 0.88011 |
| 2nd Low | 0.87973 |
| 3rd Low | 0.87971 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers