USD/CHF – 1H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support at 0.88984 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three White Soldiers’ candle chart pattern is detected. 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 | |
| 2nd High | |
| Next High | |
| Current Price | 0.89724 |
| Next Low | 0.88984 |
| 2nd Low | 0.88161 |
| 3rd Low | 0.88106 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers