USD/CHF – 1H – SELL

Next a ‘StochRSI %K falls below 0.8’ indicator layout is discovered. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.7783155 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.78089 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Bullish Engulfing’ chart pattern is existing. The chart forms ‘Bullish Engulfing’. this is a bullish chart scenario. 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%.

0.78089 – 0.7848 – 0.78474 – 0.77655 – 0.77709 – 0.77788 —
0.78009 – 0.77877 —
52.894791324995 – 37.542744388799 —
– —
0.78089 – 1778216400

Trading Signals: FOREX – USD – USD/CHF – CHF – Bullish Engulfing – – – – – – – – –