EUR/CHF – 1H – BUYThen a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.
Then a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
Then a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.96367 |
| 2nd High | 0.95828 |
| Next High | 0.95784 |
| Current Price | 0.95577 |
| Next Low | 0.95398 |
| 2nd Low | 0.95298 |
| 3rd Low | 0.94903 |
0.95784 – 0.95828 – 0.96367 – 0.95398 – 0.95298 – 0.95413
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji