USD/CHF – 30M – BUY

The pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline upwards

A bullish trend up to the next resistance at 0.77248 is likely expected.

Caution: A possible change in the direction of support at 0.76665 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 0.7712024 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance level at 0.77248 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Outside Up’ candlestick chart pattern is detected. The chart shows ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.77248 – 0.77181 – 0.773 – 0.76665 – 0.76997 – 0.76479 —
0.76774 – 0.76824 —
36.067777531109 – 40.432200203811 —
0.76665 – 1770904800 —
0.77248 – 1770885000

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Up – – – – – – – – –