USD/CHF – 1H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline down.
The bearish trend down to the next support line at 0.88984 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.89745 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Outside Up’ candle pattern is detected. The candles form ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.89745 |
| Current Price | 0.89278 |
| Next Low | 0.88984 |
| 2nd Low | 0.88161 |
| 3rd Low | 0.88106 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Up