This imputes a buy/sell ratio of 2, which is bullish.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
The closest is the 100 day average, which is 49.8 pips away.
From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes.
This move is a reversal from the hour prior, which saw price move down.
This is a reversal of the price action on the previous hour, in which price moved down.
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
Relative to other instruments in the forex asset class, eurchf ranked 21st the previous day in terms of percentage price change.
Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.