USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the bullish trendline downwards
A bearish descent down to the next support at 0.90981 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.91280 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three White Soldiers’ candlestick pattern is existing. The chart forms ‘Three White Soldiers’. this is a bullish chart scenario. The 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 | 0.91370 |
| Next High | 0.91280 |
| Current Price | 0.91109 |
| Next Low | 0.90981 |
| 2nd Low | 0.90224 |
| 3rd Low | 0.90081 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers