USD/CHF – 4H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline down.
A bearish movement downwards to the next support level at 0.89126 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three White Soldiers’ chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.90680 |
| Next Low | 0.89126 |
| 2nd Low | 0.87354 |
| 3rd Low | 0.87008 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers