EUR/CHF – 4H – BUY

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

The bullish trend upwards to the next resistance level at 0.93259 is expected.

Caution: A possible trend reversal in the direction of the support line at 0.91789 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair is likely to rise.

Next a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 0.9255 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.93259 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.93259 – 0.92703 – 0.93103 – 0.91789 – 0.9258 – 0.92373 —
0.92292 – 0.92276 —
40.366363566604 – 39.488725570909 —
– —
0.93259 – 1762516800

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – Symmetrical Triangle Chart Pattern – – – –