USD/CHF – 1H – BUY

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.79241662 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 0.79577 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Up’ candlestick chart pattern is detected. The candles show ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.79577 – 0.79358 – 0.79 – 0.78411 – 0.78648 – 0.78609 —
0.79433 – 0.78838 —
52.552717323486 – 35.420215772943 —
– —
0.79577 – 1773928800

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Up – – – – – – – – –