EUR/CHF – 30M – BUY

The combination Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards

An ascent up to the next resistance level at 0.93730 is expected.

Caution: A possible counter-trend in the direction of the support level at 0.93412 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bullish signal. The pair is likely to go up.

Additionally a ‘Bullish Engulfing’ candlestick pattern is discovered. The chart forms ‘Bullish Engulfing’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.

0.93730 – 0.93806 – 0.93762 – 0.93412 – 0.93504 – 0.93555

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Engulfing – Rising Wedge Chart Pattern