USD/CHF – 4H – BUY

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

A continuation of the upward movement upwards to the next resistance level at 0.80126 is likely expected.

Caution: A possible reversal of the trend in the direction of the support zone at 0.77951 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Furthermore a ‘Three Outside Up’ candle pattern is found. The candles show ‘Three Outside Up’. 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 likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.80126 – 0.79268 – 0.7899 – 0.77951 – 0.78076 – 0.78381 —
0.79747 – 0.79379 —
46.960241311126 – 39.069680220236 —
– —
0.80126 – 1781208000

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Up – Symmetrical Triangle Chart Pattern – – – – – – – –