EUR/CHF – 4H – BUY

The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bullish trendline up.

A continuation of the bullish trend up to the next resistance level at 0.92628 is certain.

Caution: A possible counter-trend in the direction of the support line at 0.91763 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

Moreover a ‘Three Outside Up’ candlestick pattern is found. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.92343 – 0.91917 – 0.91691 – 0.91763 – 0.91948 – 0.91429 —
0.92037 – 0.92466 —
46.898935707308 – 67.319066292497 —
– —
0.92343 – 1781121600

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