USD/CHF – 4H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance at 0.80853 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 0.79097 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Three White Soldiers’ candlestick pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.8124 |
| 2nd High | 0.81016 |
| Next High | 0.80853 |
| Current Price | 0.81001 |
| Next Low | 0.79097 |
| 2nd Low | 0.77951 |
| 3rd Low | 0.77614 |
0.80126 – 0.79268 – 0.7899 – 0.79097 – 0.79208 – 0.77951 —
0.80855 – 0.80924 —
69.0663879754 – 69.383263840533 —
– —
0.80126 – 1781208000
Trading Signals: FOREX – USD – USD/CHF – CHF – Three White Soldiers – – – – – – – – –