EUR/CHF – 1H – BUY

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

A bullish trend upwards to the next resistance line at 0.90707 is certain.

Caution: A possible trend reversal in the direction of support at 0.89831 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is certain. Current target is 0.90139802 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.90707 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Bearish SBS White Lines’ chart pattern is found. The candles show ‘Bearish SBS White Lines’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

0.90707 – 0.90717 – 0.90984 – 0.89831 – 0.90528 – 0.90558 —
0.90056 – 0.90120 —
28.296911389282 – 32.809182658143 —
– —
0.90707 – 1772748000

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish SBS White Lines – – – – – – – – –