EUR/CHF – 4H – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.
A bullish movement up to the next resistance line at 0.94176 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.92859 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Three White Soldiers’ candle chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.94423 |
| Next High | 0.94176 |
| Current Price | 0.94159 |
| Next Low | 0.92859 |
| 2nd Low | 0.92555 |
| 3rd Low | 0.92045 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers