EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) goes from the bullish trendline downwards
A descending movement down to the next support level at 0.92755 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.93193 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Three Outside Up’ chart pattern is discovered. The candles show ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93549 |
| 2nd High | 0.93418 |
| Next High | 0.93193 |
| Current Price | 0.93058 |
| Next Low | 0.92755 |
| 2nd Low | 0.92717 |
| 3rd Low | 0.92709 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Up