EUR/CHF – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.9317426 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.93262 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Three White Soldiers’ candle pattern is discovered. The candles show ‘Three White Soldiers’. this is a bullish 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’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93385 |
| 2nd High | 0.93298 |
| Next High | 0.93262 |
| Current Price | 0.93073 |
| Next Low | 0.92852 |
| 2nd Low | 0.92768 |
| 3rd Low | 0.92696 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers