EUR/CHF – 1H – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 0.94094 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.93483 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three White Soldiers’ candle chart pattern is discovered. 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 | 0.94423 |
| 2nd High | 0.94176 |
| Next High | 0.94094 |
| Current Price | 0.94389 |
| Next Low | 0.93483 |
| 2nd Low | 0.93057 |
| 3rd Low | 0.92859 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers