USD/CHF – 1H – BUY

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

A bullish ascent up to the next resistance level at 0.78253 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 0.77595 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Bearish SBS White Lines’ candle chart pattern is discovered. The chart forms ‘Bearish SBS White Lines’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

0.78253 – 0.78272 – 0.78374 – 0.77595 – 0.7782 – 0.77902 —
0.77967 – 0.77831 —
47.044904646502 – 41.466235660604 —
– —
0.78253 – 1773032400

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