USD/CHF – 30M – BUYThe combination US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline down.
The bearish trend downwards to the next support line at 0.90022 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three White Soldiers’ candlestick pattern is discovered. The chart forms ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.90326 |
| Next Low | 0.90022 |
| 2nd Low | 0.89843 |
| 3rd Low | 0.89771 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers