USD/CHF – 4H – BUY

The pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline up.

The bullish trend up to the next resistance at 0.79247 is considered certain.

Caution: A possible change in the direction of the support level at 0.77749 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 0.78544 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 0.79247 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.79247 – 0.78763 – 0.78454 – 0.78306 – 0.77749 – 0.779 —
0.78524 – 0.78183 —
34.504623537293 – 37.884035602234 —
– —
0.79247 – 1777492800

Trading Signals: FOREX – USD – USD/CHF – CHF – Northern Doji – – – – – – – – –