EUR/CHF – 1H – BUY

The pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline up.

An ascending movement upwards to the next resistance level at 0.94285 is certain.

Caution: A possible counter-trend in the direction of the support level at 0.93256 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.

Next a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.94285 – 0.94288 – 0.94035 – 0.93629 – 0.93603 – 0.93608

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji