USD/CHF – 4H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline down.
A bearish movement down to the next support at 0.87354 will persist.
Caution: A possible change in the direction of the resistance line at 0.88894 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bullish Harami’ chart pattern is discovered. The candles show ‘Bullish Harami’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Harami’ going up is 53% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.89574 |
| Next High | 0.88894 |
| Current Price | 0.88300 |
| Next Low | 0.87354 |
| 2nd Low | 0.87008 |
| 3rd Low | 0.86147 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Bullish Harami