USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline down.
A bearish movement downwards to the next support level at 0.89144 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.89745 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ candlestick pattern is existing. The candles show ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.89745 |
| Current Price | 0.89343 |
| Next Low | 0.89144 |
| 2nd Low | 0.88984 |
| 3rd Low | 0.88161 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers